The euro rose against the US dollar but fell versus the relatively strong Great Britain pound following the release of Purchasing Managers’ Indexes from the eurozone.
Markit Economics released a bunch of PMIs today (for France, Germany, and the whole eurozone). Most of them were decent, staying above the neutral 50.0 level. The only disappointment was France’s manufacturing indicator that fell instead of rising as analysts had predicted and stayed below 50.0, showing contraction.
EUR/USD rose from 1.1319 to 1.1344 as of 8:35 GMT today. EUR/GBP went down from 0.8615 to 0.8594.
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