EUR/USD Plummets to 11-Week Low as Eurozone PMI Data Approaches

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EUR/USD Plummets to 11-Week Low as Eurozone PMI Data Approaches
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Forex Analysis by MarketPulse (Kenny Fisher) covering: Euro US Dollar. Read MarketPulse (Kenny Fisher)'s latest article on Investing.com

is down for a third straight day on Wednesday. In the European session, EUR/USD is trading at 1.0767, down 0.29% on the day. The euro remains under pressure and has declined 3.3% in October.The Eurozone releases the September PMI reports on Thursday, with little change expected. The manufacturing sector is in a prolonged depression and has contracted for 27 straight months. Domestic and international orders have been decreasing while input costs are rising.

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