More evidence of a nascent recovery taking shape in the 19-country economy supported the euro which hit $1.10 against the greenback. The euro zone's broadly weighted composite PMI, which takes into account both services …
More evidence of a nascent recovery taking shape in the 19-country economy supported the euro which hit $1.10 against the greenback. The euro zone's broadly weighted composite PMI, which takes into account both services and manufacturing activity, topped forecasts with a 54.1 reading in March, marking the fastest growth since May 2011.
Expectations called for a print of 53.6 from a 53.3 reading in February. The euro has also found support recently in reports of constructive debt talks between Greece and Germany, and receding bullishness for the greenback in the wake of the Fed last week.
Next on the euro's plate is Germany's influential Ifo business confidence index on Wednesday that's forecast to show improvement.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
