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The euro’s light jump on the stellar German PMI report quickly fades

March 24, 2021 by admin 0 Comments

The stellar German PMI report won’t do much to change market sentiment

EUR/USD got a light jump from the strong report earlier, moving up from 1.1820 to 1.1833 but that is quickly fading as the report will not do much to change things on the day.Invest in yourself. See our forex education hub.

Sure, Germany is performing better than expected in light of lockdown measures and that is some positive news considering that it is Europe’s biggest economy.

But if you strip that out, the rest of the region is still not showing much improvement this year. Adding to that is still much pessimism surrounding the virus situation and vaccine rollout as we now start to enter into Q2 next week.

This article was originally published by Forexlive.com. Read the original article here.