The Euro traded sideways against the US Dollar, following the German Flash PMIs survey results release on Thursday at 07:30 GMT. The EUR/USD exchange currency rate lost 4 pips or 0.03% after the release. The Euro continued trading at the 1.0970 level against the Greenback after the release.
Markit released the German Flash Manufacturing PMI survey results, which came out worse-than-expected of 36.8 compared with the forecast of 39.3.
According to the official release: "Decline in the German business activity eases in May. Meanwhile, despite being less pessimistic about the outlook, firms continued with further steep job cuts and discounting of prices charged for goods and services."
| Date | 24.01.20 | 21.02.20 | 24.03.20 | 23.04.20 | 21.05.20 |
|---|---|---|---|---|---|
| Actual | 45.2 | 47.8 | 45.7 | 34.4 | 36.8 |
| Forecast | 44.5 | 44.8 | 40.1 | 39.0 | 39.3 |
| Pair | Open | Close | Change |
|---|---|---|---|
| EUR/CHF | 1.05999 | 1.05987 | -0.01% |
| EUR/GBP | 0.89907 | 0.89914 | 0.01% |
| EUR/JPY | 118.29200 | 118.261 | -0.03% |
| EUR/USD | 1.09703 | 1.09673 | -0.03% |
| Pair | Longs | Shorts |
|---|---|---|
| EUR/CHF | 56.3% | 43.7% |
| EUR/GBP | 29.3% | 70.7% |
| EUR/JPY | 53.9% | 46.1% |
| EUR/USD | 29.6% | 70.4% |
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