The German manufacturing sector contraction unexpectedly deteriorated in July while the services sector also underperformed, the preliminary business activity report published by the HCOB survey showed Wednesday.
Germany ’s Manufacturing PMI droppedto 42.6 in July vs. 44.0 anticipated. Services PMI for the German economy fellto 52.0 in July vs. 53.1 estimate. EUR/USD falls further below 1.0850 after downbeat German PMI s. TheHCOB Manufacturing PMI in the Eurozone’s economic powerhouse came in at 42.6 this month, deteriorating from June’s 43.5 while much below the forecast of 44.0. The measure reached the lowest level in three months. Meanwhile, Services PMI fell from 53.1 in June to 52.
Euro PRICE Today The table below shows the percentage change of Euro against listed major currencies today. Euro was the weakest against the Japanese Yen. USD EUR GBP JPY CAD AUD NZD CHF USD 0.16% 0.15% -0.50% 0.05% 0.22% 0.39% -0.12% EUR -0.16% -0.01% -0.69% -0.12% 0.06% 0.22% -0.28% GBP -0.15% 0.00% -0.68% -0.10% 0.07% 0.24% -0.28% JPY 0.50% 0.69% 0.68% 0.60% 0.75% 0.91% 0.40% CAD -0.05% 0.12% 0.10% -0.60% 0.16% 0.34% -0.19% AUD -0.22% -0.06% -0.07% -0.75% -0.16% 0.16% -0.36% NZD -0.39% -0.
Economicindicator PMI EURUSD Manufacturing
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