Home Breaking: EUR/USD eyes 1.0770 as German Preliminary Manufacturing PMI plunges to 34.4 in April
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Breaking: EUR/USD eyes 1.0770 as German Preliminary Manufacturing PMI plunges to 34.4 in April

FX Street
Published date:

  • German Manufacturing PMI arrives at 34.4 in April vs. 39.0 expected.
  • Services PMI in Germany plunges to 15.9  in April vs. 28.5 expected.

The German manufacturing sector contraction deepened in April, the preliminary manufacturing activity report from IHS/Markit research showed this Thursday.

The German Manufacturing purchasing managers index (PMI) arrived at 34.4 in April versus 39.0 expected and 45.4 previous.

Meanwhile, Services PMI hit a fresh record low level of 15.9 in April as against the previous month’s reading of 31.7 and 28.5 anticipated.

 

more to follow …

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