According to the IHS Markit raport, which was published just after 9:00 AM (GMT) on the final March results of industrial PMI for Eurozone, the values reached 6-year highs thanks to good weather in Germany, France and Italy.
The final readings of 56.20 coincided with the initial publications, beating good results of February at 55.40. At the same time, IHS Markit says we are experiencing the fastest growth in production and new orders since the beginning of the decade.
“The euro area industrial sector is enjoying a good boom, which is a good forecast ahead of the spring season. But we can not forget about few failures such as delays in deliveries and rising costs, “commented Chris Williamson, chief economist at IHS Markit.
EUR/USD tests minima and gently reflects
Eurodollar’s trading began new week with a marginal growth gap. Before 10 o’clock we saw test of Monday minima, which combined with the favorable data allowed for a few pips rebound:
After few days of dynamic declines last week, the volatility has so far stopped. It is only after the Friday lows around 1.0650 are broken we will be able to make further sales decisions.
