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Apr 23 - 06:55 AM

EUR/USD - Stronger PMIs Boost EUR/USD

By Jeremy Boulton  —  Apr 23 - 05:09 AM
  • German services a weak spot of otherwise better PMI data nZRN001QJC

  • French manufacturing/service PMI beat, composite 51.7 from 50.0

  • German services dip to 50.1 while manuf beat at 66.4 from record 66.6

  • EZ service sector returns to expansion, composite 53.7 from 53.2, f/c 52.8

  • EUR/USD rising 1.2039-61 EBS since French PMI release

  • Today's range 1.2023-61 from 1.2013 EBS low in Asia and 1.1994 in NY

  • Further ranges are likely to evolve within 1.1965-1.2100 nL1N2MG0CR

  • EUR funded carry doing great and may soon do better nL1N2MG0FQ

  • Related JPY comment nL1N2MG0IG

Source:
Refinitiv IFR Research/Market Commentary

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