Latest data released by Markit/BME - 23 May 2018
- Prior 58.1
- Services PMI 52.1 vs 53.0 expected
- Prior 53.0
- Composite PMI 53.1 vs 54.6 expected
- Prior 54.6
Misses all across the board. And that basically confirms that the soft patch is creeping into Q2 surely. It'll be a real challenge to see how the ECB will brush this off as it signals to the market that it wants to end QE this year.
EUR/USD falls to a session low of 1.1714 now. EUR/JPY also marked lower to 129.04. It's a continued bloodbath in the market for the euro today against the dollar and the yen.
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