Société Générale are looking at today's German PMI to cement EUR/USD under parity

Tuesday, 23 August 2022 brings a stack of preliminary (flash) PMIs from Asia, Europe and the US.

Coming soon, those from Australia and Japan:

• Economic calendar in Asia for 23 August 2022 - flash PMIs for August from Australia, Japan

And later:

• This snapshot from the ForexLive economic data calendar, access it here.
• The times in the left-most column are GMT.
• The numbers in the right-most column are the 'prior' (previous month/quarter as the case may be) result. The number in the column next to that, where is a number, is the consensus median expected.

Snippet from SG on the expected impact of the German reading:

“In Europe, national surveys have been stronger than the PMI data, which may give some hope for a stronger figure, but in Germany, gas prices, the water level in the Rhine and inflation are having a devastating impact on business confidence.”

“A very bad German PMI might be enough to cement EUR/USD under parity, even if other countries fare better.”