Published: 2024-06-21T07:20:43.000Z
EUR flows: Dips on soft French PMI
Senior FX Strategist
2
French PMI lower and EUR follows, German data awaited.
Weaker than expected French PMI has knocked the EUR a little lower, but given the French political uncertainty, it might be a French thing rather than a Eurozone thing, so German data in 15 minutes will be important. If it holds up, EUR should recover, but if it mirrors the softer French data we can see EUR/USD testing 1.0650.
