Euro Drops Vs Most Majors Ahead Of Eurozone PMI, German Ifo Survey
May 22 2019 - 11:57PM
RTTF2
At 4.00 am ET Thursday, Germany's Ifo business confidence and
euro area flash PMI reports are due. Germany's business confidence
index is expected to fall to 99.1 in May from 99.2 in April.
Ahead of these data, the euro traded mixed against its major
opponents. While the euro rose against the pound, it declined
against the rest of major counterparts.
The euro was worth 122.90 against the yen, 1.1245 against the
franc, 0.8834 against the pound and 1.1143 against the greenback as
of 3:55 am ET.
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