After strong readings from Europe expectations ahead of the US PMIs were quite high. They were matched only for the services sector that saw an improvement from 52.8 to 53.2 points but the manufacturing sector actually saw a deterioration from 52.4 to 51.7 points.
Earlier today we got very solid data from Japan, Germany and UK while EMU services sector disappointed somewhat. Since China and Korea were absent today, the virus theme has been less prevalent on the markets and indices returned close to all-time highs, both US and DE30. Comparatively the data has been stronger in Europe but that’s not reflected on the FX market as EURUSD keeps sliding.
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