European Session – Euro weighed by weak German PMI data and ECB’s Liikanen
Posted on March 24, 2014 at 2:32 pm GMTMajor currencies took their direction from fundamental stories on Monday, as markets focused on a series of Purchasing Managers’ Index (PMI) reports from various countries. The euro was weaker against the dollar after being weighed down by disappointing German PMI data. After a brief rally to a European session high of 1.3824 following stronger-than-forecast French PMIs, the euro fell back down to touch as low as 1.3762 and ended the session down 0.17% at 1.3774. German manufacturing PMI dropped to [..]