European Monetary Union Markit PMI Composite registered at 52.8, below expectations (53.4) in August

FXStreet.com (Barcelona)

Aug 21, 2014

European Monetary Union Markit Services PMI below forecasts (53.6) in August: Actual (53.5)

EUR/USD rebounded on stronger German PMI, but the EMU data stopped the move

EUR/USD posted 1.3242 low not seen from September, 2013, but rebounded to 1.3277 on better-than-expected German PMI data; it is trading at 1.3268 post the weaker EMU PMI release.