Horrific images from the far side of Europe caused the single currency to lose starkly across the board yesterday, at between 0.5 and 1.5% against major currencies.
Data releases yesterday included a huge boost in Germany’s balance of trade, to €11.4bn and a 1007% increase in Spanish tourist numbers in the year to February.
Today so far there has been S&P PMI which has been fairly good for Spain. Later today and tomorrow there will be more PMI releases plus German factory orders for March. Of more interest may be speeches from Europe’s central bankers, Guindos, Panetta and Schnabel.
