In line with the decline in Germany's services PMI, the services PMI index for the entire Eurozone is also falling.
The PMI for services falls to 48.3 with an expectation of 50.5 and at the previous level of 50.9
The PMI for industry rises to 43.7 with an expectation of 42.7 and at the same previous level
The PMI composite index falls to 47 points with an expectation of 48.5 and with the previous level of 48.6 points.
EURUSD rebounds minimally, but earlier the downward movement was about 50 pips in size! As you can see, at the same time we see a clear rebound of TNOTE, which may indicate the diminishing chances of hikes not only at the ECB but also at the Fed.
Source: xStation5
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