Currencies in focus after weak PMI’s

Quick look as PMI impact settles

The weak PMI data was not a surprise, but the flow through into service data is confirmation of the feared inevitable, hence the weakness we see in the EUR/USD, German Bonds rising and European equities down. Dax now increasing its losses and at -1.48%.
So, the strongest currencies include the JPY and CHF (on risk aversion) with the EURO and the GBP the weakest on the session. Watch out for further risk souring.
Quick look as PMI impact settles