The euro is stronger against the dollar this morning, as the dollar weakened ahead of the Georgia Senate vote, which begins today.
Data released yesterday shows that manufacturing in the Eurozone grew at its fastest pace since May 2018 in December. New orders rose for the sixth month in a row and new export orders increased to a greater extent than in November. Confidence about the coming 12 months improved to the highest level in nearly three years on hopes that operating conditions would be near to normal by the end of 2021.
This morning, retail sales data for Germany shows that sales surged 1.9% month-on-month in November, before the country went into lockdown.
