EUR/USD extends losing streak amid disappointing Eurozone manufacturing data

EUR/USD extends losing streak for the sixth straight session on Friday amid disappointing manufacturing activity figures in the Eurozone. Eurozones manufacturing sector suffered a setback at the end of the year, latest HCOB PMI data showed, with production levels decreasing for the first time since last February. The HCOB Eurozone Manufacturing PMI, a measure of the overall health of the eurozone manufacturing sector compiled by S&P Global, declined in December to 48.8, from 49.6 in November, taking it further below the 50.0 no-change mark. Declines in output and new orders were the main drivers, with Germany recording the steepest deterioration and weakest performance since February. The pair deepened slide below $1.18 mark and is quoting at $1.1760, down 0.17% on the day and lingering at their lowest level in one and half week. On the NSE, EUR/INR futures were up marginally at 106.

 

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