Euro pressured after weak figures from Europe

The dollar traded close to the lowest levels since June of last year, on Monday, the Euro has lost clearly after the weak figures from Europe.
The euro area’s aggregate purchasing managers ‘ index (Composite PMI) unexpectedly fell to 55,8 in July, compared to 56,3 last month. Expected was an increase to 56.2, according to Bloomberg News prognosenkät.

The purchasing managers ‘ index for the services sector fell to sek 56.8 (57,4) compared to 57.2 in the previous month. Analysts had expected a index of 55.4.

The euro has lost something in the morning and is traded at 1:1643 against the dollar.

Europaräntorna is generally down with the German down 1 point compared with Friday, to 0.50 per cent.

”A weaker dollar seems to be the way with the least resistance given the soft data from the united states, and the political uncertainty,” said Michael Hewson, chefmarknadsstrateg at CMC Capital Markets, told Reuters.

Both the IFO-index, which shows on the climate within the business sector in Germany, and the German industry’s purchasing managers ‘ index fell in June to 55.1 in July from 56,4 in the previous month. Expected was an index on the share 56.3.

The Index for the industry fell to 58.3 compared to 59.6 in the previous month. Expected was an index of 59.2 v.

The services PMI fell to 53.5 from 54,0 in July. Analysts had forecast an increase to an average of 54.3.

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