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EUR/USD continues to drift in technical consolidation range near 1.0900

EUR/USD rose to a near-term high above 1.0930 on Wednesday after European Purchasing Managersโ€™ Index (PMI) figures surprised to the upside on the manufacturing component, while a broad forecast beat for US PMI data soured market sentiment and sent the EUR/USD lower as investors second-guessed the dayโ€™s momentum and pulled back into the safe-haven US Dollar (USD), albeit slightly.
European Central Bank Us Services European Purchasing Manager Index Federal Reserve Personal Consumption Expenditure Price Index

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