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Italy, France and Germany all join the party- check out the EUR/USD now
The noted final revisions to the March flash services and composite PMI readings for Italy, France and Germany have all followed the higher reading seen from Spain earlier this morning. That has seen the service sector in Germany edge above 50, to 50.1 from a prior reading of 49.8. That means it is now in expansionary territory, albeit by the narrowest of margins. The EUR/USD was already pushing to session highs above 1.0855 and this data has served to endorse the move. That said, the move higher is by no means dynamic, but all this better news from Europe has come on top of the disappointment from the US yesterday. However, the potential for a further, more dynamic rise is possibly going to be somewhat stunted, due to the proximity of the US jobs report tomorrow. There will be more to add on that in due course. The EUR/USD is currently trading at 1.0856
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