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Forex News: Euro Falls Ahead Of PMI Reports

Euro Falls Ahead Of PMI Reports

08/01/2017 - 03:40:00 (RTTNews)

(RTTNews) - At 3:45 am ET Tuesday, Markit Economics is due to release its services PMI figures for Italy. PMI reports for France and Germany are due at 3:50 am ET and 3:55 am ET, respectively. The manufacturing PMI for the Eurozone is due at 4:00 am ET.

Meanwhile, the Federal Labor Agency is slated to release Germany's unemployment data at 3:55 am ET. The jobless rate is forecast to remain unchanged at 5.7 percent in July.

Ahead of the reports, the euro fell against other major currencies.

As of 3:40 am ET, the euro was trading at 0.8943 against the pound, 1.1434 against the Swiss franc, 1.1815 against the U.S. dollar and 130.23 against the yen.

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