Sunday , 23 February 2025
Home Forex EUR/USD strengthens on upbeat Eurozone flash PMI data, soft US Dollar
Forex

EUR/USD strengthens on upbeat Eurozone flash PMI data, soft US Dollar

EUR/USD rallies to near the psychological resistance of 1.0500 in Friday’s European session as the Hamburg Commercial Bank (HCOB) reported that the Eurozone preliminary Composite Purchasing Managers Index (PMI) grew in January after shrinking in the last two months.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

New Zealand Q4 retail sales +0.9% q/q (vs. +0.6% expected)

New Zealand data, retail sales in Q4 2024.+0.9% q/qexpected +0.6%, prior -0.1%For...

Germany election – Complicated coalition negotiations ahead – economic outcome scenarios

An early-week note from ING on the German election outcome says there...

ECB’s Villeroy says the Bank may reduce its deposit rate to 2% by summer

The European Central Bank (ECB) may reduce its deposit rate to 2%...

Euro rises in early Asian trade after German conservatives win election

Various news sources have extensive coverage of the outcome of Germany's Federal...