Free Trial

Mixed Impulses From European Flash PMIs

USD

The BBDXY trades back to mid-range, with the greenback now sitting in the middle of the G10 FX pack.

  • The better-than-expected preliminary German PMI data (albeit with the manufacturing reading still sub-40) helping offset some of the USD bid that was linked to the soft round of French PMIs.
  • Bulls couldn’t get near forcing a challenge of yesterday’s multi-month highs in the BBDXY before the pullback from session bests.
  • EUR/USD only managed a shallow and short-lived showing below yesterday’s multi-month low.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.