The Euro Area Manufacturing PMI is lower than expected. What does it mean?
Tag - europe news
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A $590bln rescue package is prepared by the EU finance ministers - will it come to action?
Middle of the week, no big news, USD slightly up, GBP prone to weakness as the British PM still in ICU
USD is almost the only currency showing confidence in Forex on April 2, currencies of developing economies losing ground, WTI oil slightly up from $20
Forex is cautiously optimistic this Tuesday on limited hopes on general economic improvement.
Economic activity in service sector in the Euro zone and the UK is on its lowest rates since 2009.
European Flash Manufacturing PMI will be announced on Tuesday at 11:00 MT time.
Main currency pairs and assets got into consolation or correction this Friday.
The ECB will announce the interest rate and hold a press conference on Thursday at 14:45 MT time.
Follow the fresh releases for this week with us
US Fed cut the interest rate by 50 basis points, USD goes mostly sideways against other currencies, EUR gets stronger; OPEC meets on March 5 to prevent slumping of the oil price…