Single Currency Steady, Data Consistent With Projections
The single currency is sticking to the 1.19 level. Euro/Dollar pair lifted 0.01% to trade at 1.1906. Today, the eurozone as well as US will release manufacturing reports. The Eurozone Final Manufacturing PMI rose to the 17-year maximum of 60.1. German Final Manufacturing PMI increased to 62.5, marking the 6-year maximum. The US will announce ISM Manufacturing PMI. Also, Fed’s Robert Kaplan and Patrick Harker will deliver speeches. German Retail Sales fell 1.2%, marking the 3rd drop in 4 months. Unemployment change reduced 18K. The Senate didn't vote on the tax bill yesterday, despite all anticipations. Some Republicans express their concerns about the plan, some support it. Any relevant developments will move the market.