Forex Today: PMI data could wake markets up ahead of key risk events

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Forex Today: PMI data could wake markets up ahead of key risk events
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Here is what you need to know on Tuesday, March 5: Major currency pairs continue to fluctuate in familiar ranges early Tuesday following Monday's indecisive action.

Here is what you need to know on Tuesday, March 5: Major currency pairs continue to fluctuate in familiar ranges early Tuesday following Monday's indecisive action. ISM Services PMI survey for February and Factory orders data for January will be featured in the US economic docket in the American session. S&P will also release final revisions to February PMI for the EU, Germany, the UK and the US.

The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR /JPY . Despite the choppy action seen in foreign exchange markets, Gold gathered bullish momentum and extended its rally to a fresh 2024-high above $2,100 on Monday, rising more than 1.5% on a daily basis.

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