PMI — News Archive

Falling Services PMI Makes Sterling Weaker

The Great Britain pound was relatively flat against the US dollar and the euro today after yesterday’s drop, but continued to fall against the Japanese yen. The losses were caused by the decline of the services’ index.

GBP Rises vs. USD, Fails vs. EUR & JPY

Positive economic reports continued to drive the Great Britain pound higher against the US dollar, but did not help the currency versus the euro and the Japanese yen.

Yuan Stable After Services PMI Slides

The Chinese yuan was little changed today after the gauge of the services industries slipped a little last month. The drop was very small and did not affect the currency strongly.

Sterling Rises with PMI, Sheds Gains

The Great Britain pound was rising today as the gauge of Britain’s manufacturing increased last month, exceeding expectations. Yet the currency shed part of its gains as of now and actually trades below the opening level against the US dollar.

Euro Loses Ground on Mixed PMI Report

Euro is mostly lower today, thanks in large part to the fact that there are mixed results in the latest PMI report. Concerns about the ability of the eurozone to sustain its recovery moving forward are manifesting following the latest mixed data from member countries.

China’s Manufacturing Expansion Makes AUD & NZD Attractive

The Australian and New Zealand currencies rose today as expansion of China’s manufacturing sector beat forecasts, resulting in risk appetite and demand for growth-related currencies. The currencies lost some of their gains by now.

Housing Market, Economic Forecast Boost UK Pound

UK pound is heading higher today, gaining as better news comes in from a number of quarters. The housing market seems to picking up, with home prices rising. Additionally, a new economic forecast indicates that the UK economy is likely to grow more than expected in coming months.

Factory Data Helps Euro

Factory data is helping the euro today, boosting confidence in the 17-nation currency region. However, there are still questions about the euro, and concerns about what could be next. As a result, it appears that the euro’s rally is somewhat limited.

Aussie Advances with Retails Sales & China’s Services

The Australian dollar advanced today as domestic retail sales exceeded forecasts, giving hopes that the Reserve Bank of Australia will refrain from an interest rate cut. Positive data from China supported the currency too.

Pound Weak After Manufacturing Report

The Great Britain pound dropped today as UK manufacturing expanded last month less that was expected, while speculations about Dectaper continued to plague the Forex market. The currency also erased today’s gains versus the euro.

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