EUR/USD Finds Support as Eurozone Manufacturing PMI Beats Expectations

Tuesday, 2 April 2024, 11:03

EUR/USD rebounds from the lower 1.0700s following a positive revision of Eurozone Manufacturing PMI. Despite disappointing German inflation data, the pair managed to maintain its recovery momentum, showing resilience in the market.
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EUR/USD Finds Support as Eurozone Manufacturing PMI Beats Expectations

EUR/USD Recovery Boosted by Eurozone Manufacturing PMI Upgrade

EUR/USD finds a floor in the lower 1.0700s and recovers after the release of a better than expected final estimate for Eurozone Manufacturing PMI on Tuesday. The release of German inflation data, although lower than expected, did not impact the pair.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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