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Following EUR/USD Forecast: Time to turn down? Vaccine optimism may be premature, Fed could lift dollarANALYSIS | 4/7/2021 8:47:17 AM GMT EUR/USD has staged a recovery on upbeat vaccine and growth forecasts. Concerns about eurozone immunization supplies and a tad of Fed hawkish may change the picture. Wednesday's four-hour chart is showing the currency pair is in overbought territory.  Even before the summer – that is when most Europeans may get a COVID-19 vaccine, according to new estimates. The EU has upgraded its projections for getting it...

Activity in India's dominant services industry expanded for the sixth consecutive month in March, supported by strong domestic demand, but some momentum was lost as authorities imposed fresh restrictions following a surge in coronavirus cases, a survey showed. The results were broadly backed by a Reuters poll last week that predicted India's economy would grow faster than previously expected this fiscal year but warned a resurgence of coronavirus cases could derail growth. The Nikkei/IHS Markit Services Purchasing Managers' Index fell to 54.6 in March from 55.3 in February but held above t...

Updated / Wednesday, 7 Apr 2021 09:52 The IHS Markit's Services Purchasing Managers' Index (PMI) rose to 49.6 in March from February's 45.7 Euro zone business activity returned to growth last month, underpinned by a record expansion in the manufacturing sector, according to a survey that showed the service industry was coping with new lockdowns better than expected. As Europe battles a third wave of coronavirus infections, governments have re-imposed restrictions on citizens and forced swathes of the dominant services industry to remain closed. But IHS Markit's Services Purchasing Managers' ...

3 Min Read LONDON (Reuters) -Euro zone business activity bounced back to growth last month, underpinned by a record expansion in manufacturing, according to a survey on Wednesday that also showed the service industry was coping better than expected with new lockdowns. FILE PHOTO: Dark clouds hang over the financial district as the spread of the coronavirus disease (COVID-19) continues in Frankfurt, Germany, March 16, 2021. REUTERS/Kai Pfaffenbach Europe is battling a third wave of coronavirus infections and governments - also struggling with vaccine programmes beset by delays - have re-impos...

3 Min Read LONDON (Reuters) -Euro zone business activity bounced back to growth last month, underpinned by a record expansion in manufacturing, according to a survey on Wednesday that also showed the service industry was coping better than expected with new lockdowns. FILE PHOTO: Dark clouds hang over the financial district as the spread of the coronavirus disease (COVID-19) continues in Frankfurt, Germany, March 16, 2021. REUTERS/Kai Pfaffenbach Europe is battling a third wave of coronavirus infections and governments - also struggling with vaccine programmes beset by delays - have re-impos...