ETC/USD Exchange rate

EUR/USD continues to trade at around 1.0650 in the European session on Friday. Although the PMI data from Germany showed a steady recovery in the Manufacturing and Services PMI data in August, the Euro struggled to find demand amid cautious market mood.

GBP/USD is trading depressed below 1.2270, well within the striking distance of a multi-month low set on Thursday. Discouraging UK Retail Sales data weighs on the pair after a surprise BoE pause. The focus shifts to UK/ US PMI data. 

Gold price is recovering ground from the weekly low of $1,914 ahead of a busy Friday, packed with preliminary global PMI data releases. The United States Dollar (USD) is taking a breather even though the US Treasury bond yields are setting fresh multi-year highs.

Space ID (ID) price is down 5% in the last 24 hours, succumbing to selling pressure as token holders close their positions to avoid being caught as part of exit liquidity.

The US economic performance is stronger compared to other economies like the Eurozone, as reflected in the PMIs. On Friday, new preliminary data for September is expected to show a modest improvement in both sectors in the US and the Eurozone.