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23 Apr 2013

EU Apr Markit Manufacturing PMI declines to 46.5 vs 46.8 in Mar

Apr 23, 2013

Forex: EUR/USD threatens 1.3000 after weaker German PMI

Unfortunately, the preliminary release of April PMI data by Markit changed its tone in the middle of the publications. After the French PMI services surprise allowing a jump to 1.3083 high just ahead of the European opening, the German data led investors to a selloff, threatening the 1.3000 handle as the market trades at 1.2982 low.
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