As we approach month's end, up to the time of writing, the EUR/USD is still trading around 1.3550 levels only just marginally off from where we officially started the current month at 1.3588.
Throughout the course of the past week, from the euro zone we had the release of some high impact data for the region. EZ manufacturing and sales PMI figures (a health check for the respective industries) were reported at 51.5 and 50.9 respectively, both numbers in growth (50 delineate growth from contraction), but what we could see is a widening gap between the region's two largest economies, Germany and France.
EZ Manufacturing continued to expand on the previous reading but only marginally and the services sector for the region reduced its pace of growth when compared to the previous reading. On the other hand Germany continued to grow in the 3rd quarter of this year.
Right across the Atlantic, in the US, advance retail sales for October declined but the data was better than expected, US inflation remained benign with Y/Y headline figure out at 1% easing from a previous 1.2%. US PMI was stronger at 54.3 and Jobless claims declined and actually managed to beat consensus expectations.
Throughout the course of the past week, from the euro zone we had the release of some high impact data for the region. EZ manufacturing and sales PMI figures (a health check for the respective industries) were reported at 51.5 and 50.9 respectively, both numbers in growth (50 delineate growth from contraction), but what we could see is a widening gap between the region's two largest economies, Germany and France.
EZ Manufacturing continued to expand on the previous reading but only marginally and the services sector for the region reduced its pace of growth when compared to the previous reading. On the other hand Germany continued to grow in the 3rd quarter of this year.
Right across the Atlantic, in the US, advance retail sales for October declined but the data was better than expected, US inflation remained benign with Y/Y headline figure out at 1% easing from a previous 1.2%. US PMI was stronger at 54.3 and Jobless claims declined and actually managed to beat consensus expectations.
No comments:
Post a Comment