German manufacturing falls sending the EUR lower
As the benchmark of manufacturing in Europe, the bearish German number will have the biggest impact on the 17-nation currency. This poor PMI number comes after a positive ZEW economic sentiment reading on Monday, and Wednesday’s fall in ten-year bund yields.
EURGBP 0.8517 -0.58%, EURNZD 1.5583 -0.55%, EURAUD 1.2421 -0.48%, EURJPY 123.43 -0.45%, EURUSD 1.2892 -0.41%, EURCAD 1.3219 -0.37% and EURCHF 1.2206 -0.20%.
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