{"id":44437,"date":"2013-11-21T08:23:04","date_gmt":"2013-11-21T13:23:04","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=44437"},"modified":"2013-11-21T08:23:04","modified_gmt":"2013-11-21T13:23:04","slug":"euro-supported-by-germanys-pmi","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/11\/21\/euro-supported-by-germanys-pmi\/","title":{"rendered":"Euro Supported by Germany\u2019s PMI"},"content":{"rendered":"<p><strong>By <u><a href=\"http:\/\/blog.hymarkets.com\/\" target=\"_blank\">HY Markets Forex Blog<\/a><\/u><\/strong> <\/p>\n<p>The euro bounced back from its previous losses after the release of France and Germany\u2019s manufacturing data on Thursday.<\/p>\n<p>The euro edged 0.10% lower to $1.3424 at the time of writing. The German PMI dragged the currency back from its losses and traded around $1.35 earlier this week.<\/p>\n<h2><span style=\"text-decoration: underline\">German PMI<\/span><\/h2>\n<p>The German manufacturing sector expanded in November, advancing above the 50-level for the fifth month in a row, a preliminary data released on Thursday confirmed. Germany\u2019s services sector expanded for the sixth straight month.<span id=\"more-2897\"><\/span><\/p>\n<p>The flash Purchasing Managers\u2019 Index (PMI) for Germany\u2019s manufacturing sector advanced to 52.5 points in November, up from a final reading of 51.7 seen in the previous month, data from Markit Economics confirmed. Flash reading in the services sector rose to 54.5 in November, picking up from 52.9 seen in October.<\/p>\n<h2><span style=\"text-decoration: underline\">France<\/span><\/h2>\n<p>Meanwhile in France, the manufacturing and services sector recorded a drop in November, with the flash Purchasing Managers\u2019 Index (PMI) coming in at 47.8 and 48.8 respectively, according to data compiled by Markit Economics.<\/p>\n<p>The manufacturing sector recorded a six-month low, while the services sector marked a four-month low.<\/p>\n<h2><span style=\"text-decoration: underline\">Fed Tapering <\/span><\/h2>\n<p>The Federal Open Market Committee (FOMC) official minutes showed that the Fed policymakers were looking for a way to lower or end its bond-buying program in the future.<\/p>\n<p>Senior Fed member and St Louis Fed Chief James Bullard said that the Federal Reserve could reduce its asset purchases at its December meeting scheduled to take place from December 17-18; if the Federal Reserve (Fed) sees an upbeat data from the jobs sector in November.<\/p>\n<p>&nbsp;<\/p>\n<p><strong><i>Visit<\/i><\/strong><b><i>\u00a0<\/i><\/b><b><i><a title=\"HY Markets\" href=\"http:\/\/www.hymarkets.com\/\" target=\"_blank\">www.hymarkets.com \u00a0<\/a>\u00a0to find out more about our products\u00a0<\/i><\/b><strong><i>and start trading today with only $50 using the latest trading technology today.<\/i><\/strong><\/p>\n<p>The post <a href=\"http:\/\/blog.hymarkets.com\/euro\/euro-supported-by-germanys-pmi.html\">Euro Supported by Germany\u2019s PMI<\/a> appeared first on <a href=\"http:\/\/blog.hymarkets.com\">| HY Markets Official blog<\/a>.<\/p>\n<p> Article provided by <strong><u><a href=\"http:\/\/blog.hymarkets.com\/\" target=\"_blank\">HY Markets Forex Blog<\/a><\/u><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By HY Markets Forex Blog The euro bounced back from its previous losses after the release of France and Germany\u2019s manufacturing data on Thursday. The euro edged 0.10% lower to $1.3424 at the time of writing. The German PMI dragged the currency back from its losses and traded around $1.35 earlier this week. German PMI &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2013\/11\/21\/euro-supported-by-germanys-pmi\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Euro Supported by Germany\u2019s PMI&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-44437","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/44437","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=44437"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/44437\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=44437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=44437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=44437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}