European Session – Euro fragile after weak Eurozone manufacturing PMI
Posted on September 1, 2014 at 1:33 pm GMTThe euro was trading near Friday’s levels against the dollar after touching fresh one-year lows at 1.3118, the lowest since September 6 of last year. Pressuring the single currency was weak Eurozone manufacturing activity data. The final August manufacturing Purchasing Managers’ Index (PMI) came in at 50.7, the lowest in over a year and below both July’s 51.8 and an earlier flash estimate of 50.8. Meanwhile, adding to the cautious sentiment on the euro is the ongoing Ukraine crisis which [..]