EURUSD Thu 21 Feb
EUR/USD erases PMI gains as doubts still remain over potential economic rebound
EUR/USD moves back to flat levels on the day
The pair made its way to a high of 1.1363 after the release of the French PMI survey but gains were tempered with as the German PMI survey highlighted yet another slump in manufacturing activity. Price traded around 1.1350 before we got the overall Eurozone PMI survey release but that very much mirrored what we saw in the German reading.