German Preliminary Manufacturing PMI beats estimates with 60.6 in Feb, EUR/USD hits fresh highs

• German Manufacturing PMI arrives at 60.6 in Feb vs. 56.5 expected.
• Services PMI in Germany drops to 45.9 in Feb vs. 46.5 expected.
• EUR/USD refreshes session highs above 1.21 on mixed German PMIs.

The German manufacturing sector expanded more-than-expected in February, the preliminary manufacturing activity report from IHS/Markit research showed this Friday.

The Manufacturing PMI in Eurozone’s economic power house came in 60.6 at this month vs. 56.5 expected and 57.1 prior.

more to come ..