Dollar wobbly as PMI data stokes hopes for global recovery – ZAWYA

Dollar wobbly as PMI data stokes hopes for global recovery – ZAWYA

Dollar wobbly as PMI data stokes hopes for global recovery Dollar wobbly as PMI data stokes hopes for global recovery | ZAWYA MENA Edition HomeMarketsCurrenciesArticleDollar wobbly as PMI data stokes hopes for global recovery Eurozone PMI data boosts recovery hopes    A U.S. five dollar note is seen in this illustration photo June 1, 2017. SINGAPORE: The dollar was under pressure on Wednesday, after upbeat data in Europe boosted the euro and helped stoke hopes for a global economic recovery, underpinning investor appetite for riskier currencies.IHS Markit's euro zone Flash Composite Purchasing Managers' Index, a broad gauge of economic activity, beat expectations with a bounce to 47.5 from May's 31.9.  That is still below the 50 mark separating growth from contraction, but the strong rebound - together with upbeat data in Britain and the United States - lent support to a sense that growth is returning at pace.  IHS Markit's euro zone Flash Composite Purchasing Managers' Index, a broad gauge of economic activity, beat expectations with a bounce to 47.5 from May's 31.9. SINGAPORE: The dollar was under pressure on Wednesday, after upbeat data in Europe boosted the euro and helped stoke hopes for a global economic recovery, underpinning investor appetite