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EUR muted after French and German PMIs

9:59 AM 3 January 2022

Final PMI manufacturing indices for December from France and Germany were released at 8:50 am GMT and 8:55 am GMT, respectively. The French manufacturing index turned out to be better than expected while German manufacturing PMI was revised slightly lower. 

France

• Manufacturing (final) : 55.6. First release 54.9

Germany

• Manufacturing (final): 57.4. First release 57.9

EURUSD bounced off the short-term resistance zone in the 1.1335 area. Source: xStation5

 

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