EURUSD depreciating since the early sessions today as Euro experiences weaker than expected economic releases. The PMI monthly Composite Reports on Manufacturing and Services, released by Markit Economics was 51.6 vs 51.7 expected and the the PMI service released as 52.5 vs 53.0 expected and Manufacturing Purchasing Managers Index (PMI) released as 47.7 vs 48.1 expected. The pair after reaching May 3, 2019 low at 1.11350, dropped all of a a sudden to 1.11075 ( May,June 2017 Low) as trade tensions between the US and China are not abating. Chinese President Xi Jinping talked about the “long march” and hinted that rare earth materials may serve as bargaining chips in the negotiations. US Treasury Secretary Steven Mnuchin said the US still intends to slap new tariffs on China. The pair experiencing a crash in the market, surges back to 1.11570 as of writing, beating the day open at 1.11503 as the US Manufacturing PMI for the month of may was released as 50.6 vs 52.5 expected and the New Homes Sales for the month of April as 0.673M vs 0.675M expected.