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Sun goes down on Aussie as Euro rises
Eurozone and German PMIs were both better than expected, data from France a little disappointing, but overall it's a boost for the Euro.
Euro Zone flash April Markit Manufacturing PMI comes in at 53.3 vs. 53.0 expected and vs. 53.0 in March. The Euro Zone flash April Services PMI out at 53.1 vs. 52.5 expected and 52.2 in March.
The Euro got a boost but is still trading within the range that’s now been established for the last two months.
The Aussie took a beating as inflation eased: underlying inflation rose by 0.5% below the 0.7% forecast and annual underlying inflation is now 2.6% under the 2.9% forecast.
The AUDUSD broke below 0.93 levels with the Aussie hitting a three month low.
03:03 minutes
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