The Euro appreciated against the US Dollar, following the German and French Flash PMIs survey results release on Friday at 07:15-07:30 GMT. The EUR/USD exchange currency rate gained 46 pips or 0.39% after the release. The Euro continued trading at the 1.1840 level against the Greenback after the release.
Markit released the German Flash Manufacturing PMI survey results, which came out better-than-expected of 58.0 compared with the forecast of 55.0.
According to the official release: "A further rise in manufacturing output helped to support growth across the German private sector in October, latest PMI® data from IHS Markit showed. However, in a sign of a two-speed economy emerging, service providers recorded a modest decline in activity amid new restrictions and heightened uncertainty due to a second wave of coronavirus cases."
| Date | 23.06.20 | 24.07.20 | 21.08.20 | 23.09.20 | 23.10.20 |
|---|---|---|---|---|---|
| Actual | 44.6 | 50.0 | 53.0 | 56.6 | 58.0 |
| Forecast | 41.5 | 48.0 | 52.2 | 52.0 | 55.0 |
| Pair | Open | Close | Change |
|---|---|---|---|
| EUR/CHF | 1.07082 | 1.07179 | 0.09% |
| EUR/GBP | 0.90343 | 0.90341 | 0.00% |
| EUR/JPY | 123.59800 | 123.799 | 0.16% |
| EUR/USD | 1.17997 | 1.18372 | 0.32% |
| Pair | Longs | Shorts |
|---|---|---|
| EUR/CHF | 63.0% | 37.0% |
| EUR/GBP | 61.3% | 38.7% |
| EUR/JPY | 52.9% | 47.1% |
| EUR/USD | 41.4% | 58.6% |
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