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Oct 05 - 05:55 AM

EUR/USD - Series Of Dismal PMIs Pile Pressure On EUR/USD

By Jeremy Boulton  —  Oct 05 - 04:15 AM
  • Spanish service sector contracts in Sep PMI 48.5

  • Italian service sector also contracts in Sep PMI 48.8

  • Situation in Germany worsening, service PMI 45.0 from 45.4

  • Eurozone composite PMI 48.1 from 48.2

  • German trade data will definitely undermine EUR/USD nL1N3160E1

  • EUR/USD drops to 0.9937 in wake PMI's after testing near parity



Source:
Refinitiv IFR Research/Market Commentary

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