EU Markit Services PMI rises to 48.6 in Jan from 47.8 (Dec)

Feb 5, 2013

EU: Markit PMI Composite (Jan): 48.6 vs 47.2 (Dec)

Forex: EUR/USD at 1.3530 after EMU PMI Composite

The EUR/USD keeps on bouncing from the downside pressure earlier, that sent it to 1.3458 low at 07:00 GMT. As Markit PMI Services data is released, the pair rises. Already at 1.3525. The EMU PMI Composite rose from 47.2 to 48.6 in January, beating consensus of 48.2. Services PMI came in at 48.6 too.