News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
Euro Stays Weak Despite Marginally Better Manufacturing Data Set

Euro Stays Weak Despite Marginally Better Manufacturing Data Set

David Schutz,

Purchasing managers index numbers from Europe failed to significantly move the single currency against the US Dollar and Japanese Yen today. The Italian, French, German, and Eurozone PMIs came out marginally better than expected.

Euro_Stays_Weak_after_Lackluster_Manufacturing_Data_Set_body_BOE.png, Euro Stays Weak Despite Marginally Better Manufacturing Data Set

Despite the improvement in manufacturing sentiment, market focus remained on fiscal difficulties in Europe as Greece prepares for a second round of elections in two weeks.

European leaders are hoping the elections will usher in a government which will adhere to the terms of the massive bailout agreement between Greece and the European Union, but the last Greek elections last months failed to produce a stable government.

Euro_Stays_Weak_after_Lackluster_Manufacturing_Data_Set_body_BOE_1.png, Euro Stays Weak Despite Marginally Better Manufacturing Data Set

Recent instability has weakened the Euro, which traded quietly against the US Dollar and Japanese Yen today as markets waited to absorb US non-farm payroll data which was due out at 1230 GMT.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES