It was an unspectacularly positive day for the single currency, strengthening against almost all of its major rivals, including close to 1% against the yen and just a fraction against the pound.
There wasn’t much data of interest yesterday, although PPI data suggest that the battle against inflation is being won in Germany.
Tomorrow, in common with the UK and US, there will be PMI data early in the morning. This will be a flash reading and hence more likely to move the market if unexpected.
EUR/USD past year
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