FXstreet.com (Barcelona) - European markets are going through moderate losses on Thursday as distress about U.S. banking health seems to be weighing on investors' risk appetite. Euro and Pound are hovering below resistance levels.
Eurostoxx 50 Index drops 0.33% with DAX Xetra Index 0.50% down and the French CAC Index 0.29% below tits opening level in the first two hours of trading. London FTSE moves around the opening level.
In the macroeconomic front, services and manufacturing activity have contracted at the slowest pace in the last six months.
EUR/USD continues trading upwards and better than expected PMI data has fuelled the pair to set another attempt towards resistance area at 1.3035/50 level at the moment of writing
The GBP/USD remains hovering below 1.4585/1.4600 resistance zone after its rally from 1.4450 on late Asian session.
USD/JPY has rallied from 97.60 intra-day low on late Asian session to reach resistance level at 98.45, although unable to break it, the pair has pulled down and at the moment the pair trades at 98.25, 0.30% above its opening level.
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