EUR/USD eases below 1.0800 despite hawkish ECB talks, EU/US inflation cues eyed – by anilpanchal7 EURUSD RiskAppetite ECB Fed Inflation
ope and the US. That said, the Euro pair eases from intraday high to 1.0765 during early Monday in Asia while fading the late Friday’s corrective bounce.
On the same line were the first readings of Germany’s S&P Global/BME PMIs for March as the Manufacturing gauge dropped to a two-month low of 44.4 versus 47.0 expected and 46.3 prior but the Services PMI rose to 53.9 during the stated month from 50.9 prior and 51.1 expected. Further, the Composite PMI refreshed 10-month high with the 52.6 figure for March versus 51.0 expected and February’s 50.7.
Further, the preliminary readings of the US S&P Global PMIs for March came in firmer as the Manufacturing gauge rose to 49.3 from 47.3 in February, versus 47.0 expected, while Services PMI rose to 53.8 from 50.6 prior and 50.5 expected. With this, the S&P Global's Composite PMI increased to 53.3 from 50.1 in February, versus 50.1 market forecasts.
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