Canada: Ivey Purchasing Managers Index disappoints at 52.2 in April

FXstreet.com (Barcelona) - Analysts were already expecting a drop from the very strong March figure at 61.6 to a still very expansionary PMI at 58.3 in April, but actual data came in much lower, with a seasonally adjusted data at 52.2. The “non-adjusted” fell from 64.4 to 50.9.

May 6, 2013

Forex: EUR/GBP up to 0.8430 area

Further weakness of the British Pound is allowing an upward movement of the EUR/GBP on the NY session, with the cross finally breaching above 0.8430 after extensive sidelined trading at 0.8420 area since Friday’s US session and today’s London session that aimed to try a support at 0.8415.

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May 6, 2013

Draghi: Interest rate cut due to economic slowdown in Eurozone core

ECB president Mario Draghi, who has been awarded an honorary degree from the LUISS University of Rome today, spoke afterwards about the central bank’s decision to cut the main refinancing rate to 0.5% last week.

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