While nothing to write home about, it was a marginally positive day for the single currency against most major rivals.
Data releases contained a few surprises, including German unemployment worsening, but new car sales in Spain shooting up by 18%.
We’ve just heard that the German Balance of Trade was in line with expectations for the month overall, but with both imports and exports falling far more than expected. Exports fell 2.4% in September, more than double the level expected. Good news for the UK, however, with exports to Germany rising at twice the rate of imports from Germany.
We will shortly get some European employment data.
EUR/USD past year
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