Euro tilts lower despite positive services data

Economies.com
2019-12-04 18:34PM UTC

Euro tilted lower against the US dollar today, despite renewed optimism about the US-China trade talks and the release of positive data about the Eurozone.

 

Eurozone service PMI reading showed growth to 51.9 points last month, higher than forecasts of 51.5 points.

 

Service activity in Germany, the largest European economy, also grew to 51.7, more than forecasts of 51.3.

 

News agencies reported on Tuesday that the first phase of the final trade agreement between the United States and China is close to being signed.

Multiple news agencies said the US and China are close to signing the phase one of the final trade deal.

 

Which comes despite President Donald Trump's remarks yesterday that a trade agreement with China might have until after the presidential election in 2020.

 

As for trading, EUR/USD held at 1.1077 as of 18:33 GMT, and hit a high of 1.115 and a low of 1.1067.

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