XE Market Analysis: North America – Oct 24, 2018

The Euro came under pressure following disappointing flash PMI estimates out of the Eurozone. EUR-USD declined by over 0.5% in posting a 1.1403, which is a two-month low. EUR-JPY fell by 0.5% on route to a six-week low, while EUR-CHF has pegged a two-week low at 1.1373. EUR-USD is now amid its fourth down week out of the last five. The Eurozone flash October PMI saw the services activity index fall to a 24-month low of 53.3 from 54.7 in September, while the manufacturing output index dropped to a 46-month low of 51.2, down from 52.7.