Market Overview

EUR/USD Trading Lower Ahead of Data

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EUR/USD is trading at 1.1080, down 0.0013.

The pair is just above the session lows as overseas forex traders wind down forex trading for the day.

Market chatter about global money flows, headline news and the upcoming U.S. election has kept both buyers and sellers active. Talk about European economic data due out Friday is starting to show up.

Friday morning Spain's services purchasing managers survey (PMI) is due out at 4:15 a.m. ET. Italy's services PMI is due out at 4:45 a.m. ET and France's services and composite PMI are set for release at 4:50 a.m. ET.

Germany's services and composite PMI are due out at 4:55 a.m. ET and the Euro area services and composite PMI are due out at 5:00 a.m. ET.

Trading is rangebound.

Posted-In: EUR/USD euroFutures Forex Markets

 

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