Markit - August 21, 2020
- Prior 51.9
- Services PMI 51.9 vs 56.3 expected
- Prior 57.3
- Composite PMI 51.7 vs 57.2 expected
- Prior 57.3
EURUSD is down to 1.1850. All readings below the minimum expectations. Not good news for the ECB and risk tone gets a hit with US oil falling too. This casts doubt over the V shaped recovery...
Now all eyes on the German PMI's
