FXMarketAlerts Team
FXMarketAlerts
Published at 07:18 (GMT) 23 Apr
EUR/USD now eyeing stops through 1.0660-55, though strong bidding coming in at 1.0670 levels, largely from corporate/real money interest. Indeed the USD is higher across the board this morning, but the EUR is coming under pressure also, as EUR/GBP has now traded as low as .7110 to set a fresh low on the week so far. EUR/JPY is holding up on the USD/JPY push higher, and EUR/CHF is still trading on a 1.03 handle, though breached 1.0400 yesterday, but is straight back down again, and we suspect pressure will continue here, with French manufacturing PMIs coming in at 48.4. The market was expecting an Apr print of 49.2 vs 48.8 previously. Germany is up next at 08.30 London.
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