The euro lost close to 1% against the US dollar yesterday, but this was dwarfed by losses to the Chinese yuan of 1.8%.
There was some movement against the pound but nothing that led anywhere by the end of the day.
On the data front, at the eurozone level there were no surprises for unemployment (6.4%) or manufacturing PMI (43.4), but Germany’s parlous PMI reading will have contributed to the euro’s underperformance.
Tomorrow there will be the rest of the PMI readings across the eurozone and individual countries, plus retail sales.
EUR/USD past year
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