The Euro appreciated against the US Dollar, following the German Flash PMIs survey results release on Wednesday at 08:30 GMT. The EUR/USD exchange currency rate gained 40 pips or 0.33% after the release. The Euro continued trading at the 1.2200 level against the Greenback after the release.
Markit released the German Flash Manufacturing PMI survey results, which came out better-than-expected of 58.6 compared with the forecast of 56.4.
According to the official release: "December's ‘flash' PMI survey from IHS Markit pointed to ongoing resilience in the German economy, with strength in manufacturing continuing to offset service sector weakness. The survey meanwhile pointed to a minor setback in private sector employment, though firms remained optimistic about the year-ahead outlook."
| Date | 21.08.20 | 23.09.20 | 23.10.20 | 23.11.20 | 16.12.20 |
|---|---|---|---|---|---|
| Actual | 53.0 | 56.6 | 58.0 | 57.9 | 58.6 |
| Forecast | 52.2 | 52.0 | 55.0 | 56.0 | 56.4 |
| Pair | Open | Close | Change |
|---|---|---|---|
| EUR/CHF | 1.07705 | 1.07777 | 0.07% |
| EUR/GBP | 0.90125 | 0.90473 | 0.39% |
| EUR/JPY | 125.84500 | 126.12 | 0.22% |
| EUR/USD | 1.21693 | 1.22028 | 0.28% |
| Pair | Longs | Shorts |
|---|---|---|
| EUR/CHF | 59.5% | 40.6% |
| EUR/GBP | 36.4% | 63.6% |
| EUR/JPY | 36.8% | 63.2% |
| EUR/USD | 38.5% | 61.5% |
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