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Forex pairs in this Article » EUR/USD, USD/CHF, GBP/USD, USD/JPY
FXStreet (Córdoba) - The FX market enjoyed a lively European session with the release of French, German and Eurozone PMI which came in mainly below market expectations fueling risk aversion triggered by China's disappointing figures.

The dollar is stronger against major competitors, but weaker against the yen on risk-off trading. EUR/USD fell back below 1.3700 to a low of 1.3685 after the weaker than expected PMI figures. GBP/USD is trading lower around 1.6670, while USD/JPY is continues to waver around 102.00 after the large Japanese trade deficit released during the Asian session. The AUD/USD managed to trim steep losses during the European trade and it was last at 0.8980.

During the NY session watch for US CPI, manufacturing PMI, CB leading index and last week's jobless claims.

Main Headlines in Europe:

Switzerland: Trade surplus widens to CHF 2,594M in January

Germany: Producer Price Index slides 0.1% in January

Germany: Flash PMI Manufacturing rises to 54.7 in February

Germany: Flash PMI Manufacturing rises to 54.7 in February

EMU: Manufacturing PMI down a notch in February

EU's Dijsselbloem sees economic situation improving in the Eurozone

Solid demand at Spanish debt auction

ECB's Constancio: EU banks to emerge stronger from review

Commodities: Chinese concerns hit WTI, gold prices supported
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