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Thomson Reuters
Jul 04 - 07:24 AM
EUR/USD - USD/CNH Leading EUR/USD By The Nose
First appeared on eFXplus on Jul 04 - 05:10 AM
  • Talk China less interventionist boosts USD/CNH 6.6220-6.6402 nL8N1TY2CM
  • EUR/USD down 1.1668 to 1.1636 (EBS) in reaction
  • Weaker EUR/USD comes despite better news on the data front
  • EZ service PMI 55.2 in June from 55.0 and compares 55.0 f/c
  • German service sector PMI 54.5 from 53.9 (f/c 53.9)
  • Given time hands-off approach to weaker CNY may hit stocks and prop euro

EUR/USD and USDCNH Click here

Source:
Thomson Reuters IFR Markets

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