EurUsd and other european assets under pressure post-PMI data as Germany and France continue to show
contraction. PMIs anticipate GDP trends by about 6 months so all this is bad news for growth.
Euro finally reacts and we're down 100 pips already. This opens up further downside into next week
towards 1.1200.
contraction. PMIs anticipate GDP trends by about 6 months so all this is bad news for growth.
Euro finally reacts and we're down 100 pips already. This opens up further downside into next week
towards 1.1200.