EURO ON FIRM FOOTING ABOVE $1.09; ECB MINUTES AWAITED

Published on Nov 23, 2023 17:27

Euro is steadying above $1.09 levels following improved data from the Eurozone PMI�s indicating slower contraction in the bloc`s business activity in November. The flash Manufacturing and Services PMIs in Germany surprised to the upside at 42.3 and 48.7, respectively, for the month of November. Manufacturing and Services PMIs in the broader Eurozone improved to 43.8 and 48.2, respectively. The EURUSD pair is trading at $1.0930, up 0.31% on the day and awaiting the European Central Bank (ECB)�s Accounts of its latest meeting later today. On the NSE, EURINR futures settled for the day at 90.96, up 0.11% on the day and touching a high of 91 during intraday moves.