Euro And Pound Both Rally As PMIs Impress - Foreign Exchange News
Euro and Pound Both Rally as PMIs Impress - Foreign Exchange News
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Euro and Pound Both Rally as PMIs Impress - Foreign Exchange News
The Canadian Dollar (CAD) found some bidders on Thursday even as the US Dollar Index (DXY) saw a recovery after US Gross Domestic Product (GDP) figures bolstered the broader market.
The EUR/USD drove back into the high side near 1.0930 on Wednesday after markets shrugged off a miss for pan-European Purchasing Managers Index (PMI) figures before a follow-up beat in US PMIs sent risk appetite skidding back into the safe havens.
The GBP/USD climbed during the mid-North American session on Wednesday after economic data suggested the UK’s economy remains solid after a release of strong PMI figures.
The S&P 500 index has registered two all-time highs in quick succession.