The Euro traded sideways against the US Dollar, following the German Flash Manufacturing and Services PMIs survey results release on Thursday at 07:30 GMT. The EUR/USD exchange currency rate lost 3 pips or 0.03% after the release. The Euro continued trading at the 1.7950 level against the Greenback after the release.
Markit released the German Flash Manufacturing PMI survey results, which came out worse-than-expected of 34.4 compared with the forecast of 39.0.
Note that Markit also released the French Flash Manufacturing and Services PMIs survey results at the same day at 07:15 GMT. As the result, the Euro depreciated 12 pips or 0.11% against the US Dollar.
In both countries, businesses reported a collapse in demand due to the coronavirus outbreak.
Meanwhile, Markit released the EU Flash PMIs survey results. Fundamental analysis for the release: EUR/USD: EU Flash Manufacturing and Services PMIs
| Date | 16.12.19 | 24.01.20 | 21.02.20 | 24.03.20 | 23.04.20 |
|---|---|---|---|---|---|
| Actual | 43.4 | 45.2 | 47.8 | 45.7 | 34.4 |
| Forecast | 44.6 | 44.5 | 44.8 | 40.1 | 39.0 |
| Pair | Open | Close | Change |
|---|---|---|---|
| EUR/CHF | 1.05153 | 1.05145 | -0.01% |
| EUR/GBP | 0.87626 | 0.87589 | -0.04% |
| EUR/JPY | 116.30800 | 116.35 | 0.04% |
| EUR/USD | 1.07899 | 1.07947 | 0.04% |
| Pair | Longs | Shorts |
|---|---|---|
| EUR/CHF | 73.0% | 27.0% |
| EUR/GBP | 42.3% | 57.7% |
| EUR/JPY | 63.1% | 36.9% |
| EUR/USD | 28.1% | 71.9% |
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