The single currency has made losses against most major currencies in the past 24 hours, apart from the pound, against which it has strengthened by close to 1%. That has, indeed, been the pattern of the week, with close to a 2% loss against the US and New Zealand dollars.

Yesterday we heard that eurozone unemployment is at 6.6%, a small fall from last month. Over this morning there will be final results for composite and services S&P Global PMI.

There will also be a speech by ECB president Christine Lagarde.

EUR/USD past year

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