Euro has fallen below 1.0500 and is poised to challenge the 1.0470 low EUR EURUSD $EUR $EURUSD
losed in the red, with investors spooked by mounting tensions between Russia and the EU and aggressive monetary policies.
Data wise, German Retail Sales were down 0.1% in March, while the April EU Sentiment Economic Indicator printed at 105, missing the 108 expected and below the previous 106.7. Additionally, the final readings of the April S&P Global Manufacturing PMIs were upwardly revised. The German index was confirmed at 54.6, while that for the EU printed at 55.5. The US S&P Global Manufacturing PMI was downwardly revised to 59.2 in April, while the official ISM index printed at 55.
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