Final services PMIs for January from major euro area members were released today. Overall, readings were revised slightly higher. French reading was revised from 49.2 to 49.4, German reading from 50.4 to 50.7 while euro area reading from 50.7 to 50.8. Services PMIs from Spain and Italy beat expectations, coming in at 52.7 (exp. 52.3) and 51.2 (exp. 50.9), respectively. A point to note is that, spare for France, all major European economies saw their services sectors expand in the first month of 2023. EURUSD moved higher as readings were released and some gains could also be spotted on DE30. However, just as scale of the revisions, scale of moves on the markets was small.
EURUSD moved slightly higher following revisions of services PMIs for January from Europe. The pair is attempting to break back above 1.09 mark after yesterday's sell-off. Source: xStation5
Start investing today or test a free demoOpen real account Try demo Download mobile app Download mobile app
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.