Trading news

EUR down, USD up as global PMIs disappoint; US housing starts

Market recap

EUR fell on the weaker-than-expected Eurozone preliminary purchasing managers’ indices (PMIs). In particular, the German manufacturing PMI was up only slightly to 44.5 from 44.1, missing expectations that it would recover to 45.0. The overall Eurozone manufacturing PMI also missed expectations, rising less than expected, while the Eurozone service sector PMI fell more than expected. As a result, the overall Eurozone composite PMI fell to 51.3 from 51.6 instead of rising slightly as had been expected.

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Friday, 19 Apr, 2019 / 9:14

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Source : https://www.exclusivecapital.com/eur-down-usd-up-as-global-pmis-disappoint-us-housing-starts/

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