Wednesday, October 24, 2012

EUR/USD Oct. 24 – Weakens as German and Euro PMIs Disappoint

The EUR/USD, which had an impressive rally just last week, continues to lose ground, after the release of disappointing data this morning. Manufacturing and Service PMIs out of Germany and the Euro-zone were weak, and the German Ifo Business Climate failed to reach the market estimate. ECB President Mario Draghi is scheduled to hold meetings and a press conference at the Bundestag
Read More... [Source: Forex Crunch - Posted by FreeAutoBlogger]

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