⚡Crypto Alert : Altcoins are up 28% in just last month! Unlock gains and start trading now - Click Here

Quick Updates: European Purchasing Manager Index Figures Released

Posted Friday, March 1, 2019 by
Arslan Butt • 1 min read

The EUR/USD trades at 1.1362, down by -0.07% as Eurozone PMI figures remained mixed.

  • Spanish Manufacturing PMI – Fell to 49.9 vs. 51.8
  • Italian Manufacturing PMI – Came out better than expected at 47.7 vs 47.1 forecast.
  • French Final Manufacturing PMI – Rose slightly to 51.5 vs. 51.4.
  • German Final Manufacturing PMI – Steady at 47.6
  • Final Manufacturing PMI – Rose slightly to 49.3 vs. 49.2

Summing up – Most economic events are below the 50 threshold which represent weaker economic growth. As a result, the single currency Euro is getting weaker as investors will be expecting ECB to keep the interest rates on hold.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Related Articles
Comments
0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments