Daily digest market movers: EUR/USD returns to midrange after cycling on Tuesday...من Wulan Viana

06 Mar 2024, 15:02 · Views 63

Europe’s final HCOB Services PMI for February rose to 49.2 versus the expected hold at the preliminary print of 48.9.
The euro area’s January MoM final PPI missed the mark, holding at the preliminary -0.9% versus the expected rebound to -0.1%.
The US ISM Services PMI for February fell faster than expected, declining to 52.6 versus the forecasted downtick to 53.0 from 53.4.
US Factory Orders in January also saw accelerated declines, printing at -3.6% versus the forecast of -2.9%. The previous month saw a downside revision to -0.3% from 0.2%.
EU Retail Sales are due early Wednesday, with the European Central Bank’s (ECB) next rate call slated for Thursday.
Fed chairman Jerome Powell speaks on both Wednesday and Thursday, testifying before the US government’s House Financial Services Committee.
US ADP Employment Change figures also due Wednesday as a precursor to Friday’s US Nonfarm Payrolls (NFP) print.

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