The Euro traded depreciated the US Dollar, following the French Flash PMIs survey results release on Friday at 07:15 GMT. The EUR/USD exchange currency rate lost 10 pips or 0.09% after the release. The Euro continued trading at the 1.1600 level against the Greenback after the release.
Note that the German Flash PMIs survey results were released at 7:30 GMT. Despite being marked as high impact and discussed by the media, the charts reveal that the market does not care for the data release, as there are no exchange rate adjustments.
Markit released the French Flash Services PMI survey results, which came out better-than-expected of 57.8 compared with the forecast of 52.3.
According to the official release: "French business activity rose at the quickest rate for two-and-a-half years in July, with new work increasing for the first time in five months as more businesses reopened following the coronavirus disease 2019 (COVID-19) lockdown."
| Date | 24.03.20 | 23.04.20 | 21.05.20 | 23.06.20 | 24.07.20 |
|---|---|---|---|---|---|
| Actual | 29.0 | 10.4 | 29.4 | 50.3 | 57.8 |
| Forecast | 39.6 | 24.7 | 27.9 | 44.9 | 52.3 |
| Pair | Open | Close | Change |
|---|---|---|---|
| EUR/CHF | 1.07298 | 1.07291 | -0.01% |
| EUR/GBP | 0.91212 | 0.91174 | -0.04% |
| EUR/JPY | 123.36900 | 123.264 | -0.09% |
| EUR/USD | 1.16084 | 1.15991 | -0.08% |
| Pair | Longs | Shorts |
|---|---|---|
| EUR/CHF | 52.3% | 47.8% |
| EUR/GBP | 27.0% | 73.0% |
| EUR/JPY | 49.6% | 50.5% |
| EUR/USD | 30.2% | 69.8% |
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