WorldWideMarkets Community

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Eurozone PMI's higher

Posted by Akhilesh Ganti on Jul 24, 2013 6:30:00 AM

The US Dollar was mixed -vs- its major peers. EUR/USD is higher as it broke above 1.3220 to make new monthly highs on better than expected PMI data. The fact that this index posted a reading above 50 for the first time in over 2 years could be a sign that the region might be coming out of recession. The AUD/USD, on the other hand, is lower as worries about China and the potential negative impact on commodity demand has the unit on the defensive. US flash PMI and New Home Sales reports are due out a bit later as the US session gets underway. 

{charts:WorldWideMarkets}(click to enlarge)

Europe charts 072413


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