EUR/USD Jumps Above 1.08 as German Manufacturing PMI Beats with 47.8
Friday, 21 February 2020 15:49 WIB | CURRENCIES |EUR/USDEuroDolar EuroDOLLAR

Markit's German Manufacturing PMI for February beat estimates with a score of 47.8 points, far above 44.8 expected and 45.3 recorded in January. The score remains below 50 “ reflecting ongoing albeit slower contraction in the eurozone's largest economy's industrial sector. Nevertheless, the rise from the lows “ despite growing fears of the coronavirus disease “ is boosting the euro.

The services PMI dropped to 53.3 points, below 53.8 estimated by economists. These forward-looking surveys have been showing a significant gap between the sectors for a considerable time. Markit has noted that the outbreak is having a faily limited impact on the manufacturing sector.

EUR/USD has jumped to 1.0818, advancing from a daily low of 1.0783.

Source : Fxstreet

RELATED NEWS

Dollar Unmoved as Event Risk Limits Activity
Thursday, 9 April 2020 15:57 WIB

The U.S. dollar was largely unchanged Thursday, with activity in the foreign exchange market subdued as investors hold fire amid abundant near term event risk. At 3:05 AM ET (0705 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 100.165, lar...

Risk currencies buoyed by cautious hopes pandemic is peaking
Thursday, 9 April 2020 08:21 WIB

Risk-sensitive currencies climbed on Thursday on budding optimism the coronavirus pandemic may be peaking although the euro was dented by the European Union's failure to agree on more support for their weakened economies. The Australian dollar fetched $0.6233, trading near its highest level since m...

Dollar Gains as Coronavirus News Disappoints
Wednesday, 8 April 2020 15:50 WIB

The U.S. dollar is back in demand Wednesday, as investors sought safe havens amid disappointing news surrounding the coronavirus outbreak and the economic damage in Europe becomes apparent. At 3 AM ET (0700 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other curren...

Dollar creeps higher as virus worries return
Wednesday, 8 April 2020 08:47 WIB

The dollar found a footing on Wednesday as investors returned to safe-havens, unwinding some risk currency gains made on hopes the coronavirus crisis in Europe and New York was slowing. The greenback rose on most majors besides the safe-haven Japanese yen, a day after suffering its worst drop again...

Pound Rallies as Risk Appetite Returns, Traders Await News on Johnson
Tuesday, 7 April 2020 23:33 WIB

Sterling rallied on Tuesday with a broad rebound in risk markets encouraging some selling of the dollar, while traders awaited news on British Prime Minister Boris Johnson, who is stable in intensive care as he battles COVID-19 symptoms. Johnson, 55, was moved into intensive care late on Monday aft...

ANOTHER NEWS
Gold climbs 1% on safe-haven demand, markets eye OPEC+ verdict
Thursday, 9 April 2020 19:01 WIB Gold prices gained 1% on Thursday on safe-haven buying ahead of an extended weekend and a crucial meeting of top oil producers, with bullion also latching on to gains in wider markets amid hopes the coronavirus pandemic was close to peaking. Spot...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.