German Retail Sales increased by 1.2% MoM in February vs. +2.0% expected. Retail Sales plunged 9.0% YoY in February vs. -6.3% expected. According to the
Share:
EUR/USD Current Price: 1.1771
US ISM Manufacturing PMI expanded in March at the fastest pace since 1983, jumping to 64.7.
Most countries will be on holidays this Friday amid Good Friday.
EUR/USD has shrugged off its bearish tone but is far from signaling a steeper advance.
The dollar edged lower on Thursday, as most market players head into a long Easter weekend. Upbeat US data boosted equities, which in turn sent government bond yields down, adding to dollar shorts. Worth noting that US markets not only will be open Friday, but the country will publish the monthly Nonfarm Payrolls report.
4/1/2021 1:13:35 PM GMT | By FXStreet Team
The EUR/USD pair trades near a daily high of 1.1753, confined to the lower end of its latest range, without signs of upcoming advances, Valeria Bednarik, Chief Analyst at FXStreet, reports.
Modest uptick doesn’t grant additional EUR/USD gains
“European data was mixed, as German Retail Sales were up by 1.2% in February and fell by 9% when compared to a year earlier. The final versions of the March Manufacturing PMIs for the region were upwardly revised, with that for the EU printing at 62.4.”
“The US published Initial Jobless Claims for the week ended March 26, which unexpectedly surged to 719K. Later today, the country will release the final reading of the March Markit Manufacturing PMI and the official ISM Manufacturing PMI, this last foreseen at 61.3 from 60.8 in February.”
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