The single currency ended the day edging higher against the pound and US dollar. Taking the past month as a whole, EUR is around half a per cent stronger against GBP and USD, but having undergone a 3-4% swing over the month.
No great surprises from the purchasing managers index (PMI) data this week, but the eurozone can be satisfied with a week in which inflation fell and GDP grew (except in Italy).
This morning there has been unexpectedly positive news on German factory orders, which are powering upwards.
EUR/USD past year
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