France, Europe’s second largest economy, was expected to see a small downgrade of the manufacturing purchasing managers’ indicators by Markit. The preliminary figures for October were predicted to show a slide from 50.6 to 50.2. The Services PMI carried expectations of remaining unchanged at 51.9 points.
EUR/USD was attempting a recovery after the big blow from Draghi. The pair traded around 1.1115 before the release.
Read the rest of the article French PMIs beat expectations – EUR/USD unimpressed