Euro falls to three-week trough against dollar

2018-04-23 16:18:12 GMT (Economies.com)
Euro falls to three-week trough against dollar

Euro fell in American trade away from March 28 highs for the fourth session in five, following earlier data from the euro zone and the US, the world's largest economy. 

 

As of 02:50 GMT, EUR/USD fell 0.42% to 1.2237 from the opening of 1.2289, with an intraday high at 1.2293, and the lowest since April 6 at 1.2215. 

 

Earlier French data showed services PMI rose to 57.4 from 56.9 in March, while the manufacturing PMI slowed down to 53.4 from 53.7.

 

German services PMI rose to 54.1 from 53.0, while manufacturing PMI dipped to 58.1 from 58.2, missing expectations of 57.6. 

 

For the whole euro zone, the manufacturing PMI slowed down to 56 from 56.6, while services PMI accelerated modestly to 55 from 54.9 in March. 

 

Earlier US data showed the preliminary services PMI rose to 54.4 from 54 in March, beating forecasts of 54.3, while manufacturing PMI rose to 56.5 from 55.6 in March, beating expectations of 55.2. 

 

Existing home sales rose 1.1% in March to an annualized 5.60 million units, compared to a 3% rise in February to 5.54 million, beating expectations of a 0.2% rise to 5.55 million units.

 
 
 
  Symbol Last Change Chg.%
1.1135
0.0430
4.0163%
1.2455
0.0809
6.9509%
Tadawul
6376.62
49.70
0.79%
14.446
1.863
14.810%
21.828
-1.600
6.830%
24.84
-1.50
5.69%
1620.150
122.735
8.197%
 
 
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