US Chicago Purchasing Managers' Index declines to 49 in Apr from 52.4 in Mar

Apr 30, 2013

Forex: EUR/USD jumps back to highs on NY opening

The European morning drop, supported around 1.3070 (spike low at 1.3056), is being rapidly retraced on the New York opening as US investors get ready for May and the FOMC meeting. In little time, the EUR/USD jumped 50 pips to 1.3118, two pips from the daily high of 1.3120.

US: Chicago PMI disappoints at 49 in April

The April Chicago PMI has dropped below the 50.0 threshold, from 52.4 to 49.0, instead of rising to 52.5 as expected.