EUR: Positive start for euro as data piles in

Yesterday was a good day for the euro, powered by better-than-expected data from the eurozone’s largest economy, Germany. EUR strengthened by 0.5% against USD and by 0.8% against CNY.

We have just had a reading for French GDP of 0.1% growth for Q3 (no surprises there, but a fall nonetheless) and will get France’s inflation data shortly as well as Italy’s and the eurozone’s as a whole.

By the end of the day the markets will have a much better understanding of the state of the euro area economy.

EUR/USD past year

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