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EUR/USD posts modest gains near 1 0850 on stronger PMI, weaker US Dollar

EUR/USD posts modest gains near 1 0850 on stronger PMI, weaker US Dollar
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United statesChristine lagardePiero cipolloneEuropean central bankUniversity of michigan consumer sentiment indexEurozone purchasing managers indexDomestic productGoods ordersMichigan consumer sentiment index

EUR/USD edges lower to near 1 0750 due to the upward correction in the US Dollar

EUR/USD edges lower to near 1 0750 due to the upward correction in the US Dollar
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United statesEl confidencialThomas barkinFederal reserveEurozone servicesEuropean central bankEconomist philip laneFed president thomas barkinEurozone purchasing managers indexRetail salesChief economist philipRichmond federal reservePresident thomas barkin

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Central bank surveys highlight broadening crypto adoption

United statesRobert lynchHead of researchSigma incEuropean central bankBlockchain developersDigital assets morningFederal reserve boardEurozone purchasing managers indexDollar indexBroker dealersFamily officesProfessional tradersRetail tradersDigital asset exchangesDigital asset brokers

Economic Activity Slows in Europe but Strengthens in the US

Read article about Business sentiment in the US improved in March 2022 while for Europe it slowed down from the previous months. The slowdown in Europe was largely due to the impact of the Russia-Ukraine war and was slightly offset by the rapid demand growth post renewed COVID-19 infections late last year. Evidently, the Russia-Ukraine war has had a larger impact on European economies by way of rising energy prices and input costs for businesses across the continent. and more articles about Textile industary at Fibre2Fashion

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