Euro Climbs Against Majors; PMI Reports Due
02 März 2015 - 9:42AM
RTTF2
The euro advanced against its key counterparts in early European
deals on Monday.
The euro recovered to 1.1194 versus the dollar and 0.7272
against the pound, from early multi-week low of 1.1159 and a more
than 7-year low of 0.7238, respectively.
The euro climbed to 4-day highs of 1.0694 against the franc and
134.23 against yen, off early lows of 1.0649 and 133.67,
respectively.
The euro is likely to find resistance around 1.14 against the
greenback, 0.75 against the pound, 1.2 against the franc and 135.00
against the yen.
Markit Economics is scheduled to issue Italy's manufacturing PMI
data for February at 3.45 am ET. Final PMI reports are due from
France and Germany at 3:50 am ET and 3:55 am ET, respectively. The
euro area PMI, due at 4.00 am ET, is expected to match the flash
reading of 51.1 in February.
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