The euro strengthened to its highest level since April 2018 against the dollar yesterday and is still strong this morning. Hopes of a Brexit deal and better-than-expected PMI data caused the single currency to strengthen.
PMI data released yesterday showed that the manufacturing sector in Germany and the Eurozone as a whole continues to perform well. The data showed that the services sector is still in contraction, but the figures came in better-than-expected for both.
Today, inflation rate figures for the Eurozone will be released.
