Previous Close | 0.722 |
Open | 0.722 |
Bid | 0.72 |
Day's Range | 0.72 - 0.723 |
52 Week Range | 0.7034 - 0.8274 |
Ask | 0.72 |
'In more than 23 years of PMI history, we have only seen one spell of faster growth than this,' IHS Markit's Chris Williamson said.
The dollar weakened in early European trading Friday, sticking to narrow ranges as traders turn their attention onto next week’s Federal Reserve meeting following the conclusion of the European Central Bank get-together. USD/JPY was flat at 107.95, the risk-sensitive AUD/USD rose 0.3% to 0.7728, while EUR/USD traded up 0.1% at 1.2024, recovering after minor falls Thursday on the conclusion of the ECB meeting. The European Central Bank maintained its very accommodative policies at its latest meeting Thursday, and President Christine Lagarde shut down expectations that the central bank will start to consider tapering its bond purchases even while predicting a robust recovery for the region in the second half of the year.
It’s a busy day ahead on the economic calendar. Following impressive private sector PMI figures for March, prelim PMIs for April will be in focus later today…