French August PMI makes encouraging reading. Manufacturing has risen to 50.2 from July’s 48.1, services up at 48.9 from 45.5 and composite 50.9 from 47.3.
The data has helped support EUR/USD which presently sits at 1.4245.
Sources now note sell orders lined up at 1.4270/80. This is in addition to aforementioned sell orders up at 1.4290 through 1.4315.
