Mumbai, April 24 -- Euro is witnessing steady movement today after witnessing hefty losses in last session. The single currency tanked around 1% against the US dollar, testing nearly one week low of 1.1350. Economic cues were lax for the Euro even as regional equities soared on hopes of easing trade tensions globally. The euro area private sector edged closer to stagnation in April as faster reduction in orders weighed on the sentiments, the results of the latest purchasing managers' survey by S&P Global showed on Wednesday. The HCOB flash composite output index dropped to 50.1 in April, holding slightly above the 50.0 no-change mark. The score was down from 50.9 in March and also hit the lowest in four months. Euro is looking to stabiliz...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.