The euro has gained against the dollar for three successive days this week but is slightly weaker this morning.
PMI data for both Germany and the Eurozone came in slightly worse than expected yesterday, although Composite PMI for Germany still showed that there was growth in December. German factory orders came in better-than-expected this morning, the latest sign that the global manufacturing industry is making a recovery.
Today, there will be a series of data releases for the Eurozone, including Construction PMI, inflation rate and consumer sentiment figures for December.
