Tuesday, April 23, 2013

EUR/USD – Drops Sharply After Weak German PMIs

The quiet start to the week ended abruptly on Tuesday, as EUR/USD tumbled following weak German releases. The pair has dipped below the 1.30 line in the European session. German manufacturing and service PMIs both were well below the estimates. French and Eurozone PMIs, however, were within market expectations. In the US, today’s highlight is New Home
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