Pmi

A worrying data set from PMI and risk aversion for FX markets sees NZD/JPY on the cusp of breaking to new lows.

Earlier, the euro and European stock markets sunk after purchasing managers in the services and particularly manufacturing sectors reported sharply deteriorating conditions for March.

The EUR/GBP has been on a rollercoaster ride over the past couple of weeks as market participants reacted to the latest Brexit headlines while keeping a close eye on a deteriorating Eurozone economy.