Euro gives up early gains: AIB Morning Comment: Fri-22-May-2020 | 22 May 2020
Hello Reader,

Euro gives up early gains 

  • Euro held upper hand for much of European session yesterday, but couldn’t sustain gains and opens this morning lower...
  • PMIs for May in EZ,UK and US move off recent lows, suggesting downturn may have bottomed out....
  • New US weekly jobless claims continue to fall...
  • Softer euro sees EUR/USD in lower half of $1.09-1.10...
  • EUR/GBP at 89.5p mark....
  • GBP/USD remains close to $1.22 threshold...
  • This morning, confirmed UK retail sales plummeted in April....
  • Little else out to be of markets in the day ahead...