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US Manufacturing Data Holds Up
The USD index has had a subdued start to the week with trading remaining light on Tuesday morning. Yesterday, the flash manufacturing PMI for last month came in just below expectations, though managed to hold above the 50 level. Looking across the rest of the week, with little in the way of key data, moves will likely be linked to US-China headlines.
EUR Recovers Following Data Slump
EURUSD has been a little firmer today despite some weakness yesterday following a set of weaker-than-expected PMI readings yesterday for Germany, France, and the eurozone. The data is the latest in a series of weak readings for the eurozone which is keeping upside capped here. EURUSD trades 1.1153 last, pushing back up towards recent highs.
GBP Weighed on By Weak Data
GBPUSD is pulling further away from recent highs this morning. Data weakness yesterday took some of the shine out of the post-election rally. Focus will now shift to parliament today as MPs return, with Johnson...
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