Markets
Currencies
Euro Steadies Against Dollar Ahead of PMI Releases
EUR/USD traded in a narrow range as investors awaited flash PMI figures from Germany and France due later this week.
The euro traded in a narrow range against the US dollar as investors awaited flash purchasing managers’ index figures for Germany and France.
The releases are the week’s main scheduled test for the currency pair, as they provide the first read on private-sector activity for the month. Activity data has diverged between manufacturing and services in recent months.
Sources and data
- S&P Global, flash PMI release calendar
- European Central Bank, euro foreign exchange reference rates
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