A mixed day for the euro saw drops against the US dollar and a small gain against sterling. That has continued so far this morning.
Data yesterday included Germany’s Balance of Trade bouncing back to an €11.1bn surplus. Exports hit a record high of €142.8bn. Less positively, S&P Global Construction PMI was well below forecasts across the eurozone, but especially in France and Germany at just 41 and 41.7 respectively.
Italian inflation may be high, at 11.6%, but is less than last month. Will that be repeated for the all-important eurozone inflation result at 10am? Hold onto your hats for market movement shortly if it’s markedly different than the expected 9.7%.
EUR/USD past year
From To
