Early PMIs Lift Euro After Balanced Fed Minutes
Thursday, 21 February 2019 16:27 WIB | CURRENCIES | Indeks Dolar Euro

The euro turned higher against the dollar in early trading in Europe Thursday, as purchasing manager indices from France and Germany signalled that the euro-zone economy may be bottoming out after its slowdown at the end of 2018.

At 03:30 AM ET (08.30 GMT), the eurowas at $1.1354, just below a two-week high against the dollar, after PMI readings that outstripped expectations - even though Germany's manufacturing sector appeared to contract in February.

The dollar index that measures the greenback against a basket of major currencies was at 96.297, close to a two-week low. That's despite a broadly balanced set of minutes from the Federal Reserve™s last policy meeting that indicated that interest rates could still rise later in the year if the current uncertainty over the economy clears.

Source: Investing.com

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