The Euro appreciated against the US Dollar, following the German Flash Manufacturing and Services PMIs survey results release on Friday at 08:30 GMT. The EUR/USD exchange currency rate gained 12 pips or 0.11% after the release. The Euro continued trading at the 1.0815 level against the Greenback after the release.
Markit released the German Flash Manufacturing PMI survey results, which came out better-than-expected of 47.8 compared with the forecast of 44.8.
According to the official release: "February saw the headline Flash Germany Manufacturing PMI climb from January's 45.3 to a 13-month high of 47.8. Almost half of the index's month-on-month gain was attributable to a deterioration in supplier delivery times*, which panellists predominantly linked to coronavirus related disruption in China. That said, there were also slight positive influences on the headline manufacturing PMI from the output, new orders, employment and stocks of purchases components, which all exhibited slower rates of decline."
| Date | 24.10.19 | 22.11.19 | 16.12.19 | 24.01.20 | 21.02.20 |
|---|---|---|---|---|---|
| Actual | 41.9 | 43.8 | 43.4 | 45.2 | 47.8 |
| Forecast | 42.0 | 42.9 | 44.6 | 44.5 | 44.8 |
| Pair | Open | Close | Change |
|---|---|---|---|
| EUR/CHF | 1.0611 | 1.06148 | 0.04% |
| EUR/GBP | 0.83701 | 0.83775 | 0.09% |
| EUR/JPY | 120.57800 | 120.754 | 0.15% |
| EUR/USD | 1.0801 | 1.08115 | 0.10% |
| Pair | Longs | Shorts |
|---|---|---|
| EUR/CHF | 74.5% | 25.5% |
| EUR/GBP | 59.8% | 40.2% |
| EUR/JPY | 54.0% | 46.0% |
| EUR/USD | 50.4% | 49.6% |
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