The Euro traded sideways against the US Dollar, following the German Flash Manufacturing and Services PMIs survey results release on Tuesday at 08:30 GMT. The EUR/USD exchange currency rate lost 7 pips or 0.06% after the release. The Euro continued trading at the 1.0830 level against the Greenback after the release.
Markit released the German Flash Manufacturing PMI survey results, which came out better-than-expected of 45.7 compared with the forecast of 40.1.
According to the official release: "Production fell sharply and at the joint-fastest rate since early-2009 (matching the rate of decline seen in July 2012, at the depths of the eurozone debt crisis). The headline Flash Germany Manufacturing PMI sank to 45.7, though it was supported somewhat by a further increase in supplier delivery times – the most marked since July 2018 – and a noticeably slower fall in stocks of purchases, both linked to supply-side disruption."
| Date | 22.11.19 | 16.12.19 | 24.01.20 | 21.02.20 | 24.03.20 |
|---|---|---|---|---|---|
| Actual | 43.8 | 43.4 | 45.2 | 47.8 | 45.7 |
| Forecast | 42.9 | 44.6 | 44.5 | 44.8 | 40.1 |
| Pair | Open | Close | Change |
|---|---|---|---|
| EUR/CHF | 1.05837 | 1.05799 | -0.04% |
| EUR/GBP | 0.92989 | 0.92965 | -0.03% |
| EUR/JPY | 119.91400 | 119.923 | 0.01% |
| EUR/USD | 1.08273 | 1.08264 | -0.01% |
| Pair | Longs | Shorts |
|---|---|---|
| EUR/CHF | 73.7% | 26.3% |
| EUR/GBP | 27.7% | 72.3% |
| EUR/JPY | 63.4% | 36.6% |
| EUR/USD | 28.6% | 71.4% |
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