The euro was stable today after the release of Purchasing Managers’ Indexes from Markit Economics.
Markit released manufacturing and services PMIs for Germany, France, and the whole eurozone today. For the most part, the manufacturing indexes beat expectations, while the services indexes trailed expectations. It is important to note that all indicators were above the neutral 50.0 level, indicating an expansion.
EUR/USD rose from 1.1151 to 1.1166 as of 10:51 GMT today, reaching the high of 1.1187 intraday. EUR/CHF was up from 1.0837 to 1.0845.
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