The single currency gained strongly against the US dollar and yuan yesterday, gaining close to half a percent. It has weakened against sterling over the week, so far.
Overall it’s been a positive week against the commodity-backed currencies like NOK, CAD and AUD, while the service economies have marched ahead.
Germany’s Balance of Trade improved yesterday, with both imports and exports falling more than expected. We’ve just had news that German factory orders recovered strongly in August.
There’s little on the docket for early next week, and you’ll have to wait until Friday for final inflation rates across the eurozone.
EUR/USD past year
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