EUR/USD SLUMPS TO 1.07 AS MARKETS ROUND THE CORNER INTO FRIDAY

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  • EUR/USD backslid to the 1.0700 handle on Thursday, erasing the week’s gains.
  • EU PMI figures expected to rise slightly on Friday.
  • US PMIs to wrap up the trading week, expected to tick lower.

EUR/USD fell back to familiar technical levels on Thursday, clunking down to the 1.0700 handle after a miss in US economic figures bolstered the Greenback. Friday markets loom ahead with a packed data docket, with Purchasing Managers Index (PMI) figures for both the EU and the US on the cards.


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