-
EUR/USD is falling modestly after the pair remained unchanged across the previous week. The pair continues to trade around the 1.0850 level after softer-than-expected monthly core PCE data on Friday and hotter-than-expected eurozone inflation figures. This week, investors are looking keenly ahead to Thursday's ECB rate decision. The central bank is widely ...
-
In Monday's US data flow we have a surprise drop in the May ISM manufacturing index to 48.7 from 49.2 (consensus 49.5) – remember that anything below 50 is a contraction. Regional surveys and the Chinese PMI, which we use as a guide for what may be happening on the West Coast in the absence of regional surveys for that part of the US, had suggested the ...
Sessions