The euro had another broadly negative day, with clear blue water now appearing between EUR and USD as the euro has remained below parity for three days. That has continued with fresh negativity for the euro this morning.
After a topsy-turvy day during which it weakened markedly, the single currency ended up a fraction up on GBP.
Overnight we’ve had Dutch GDP rising at 5.1% and Spanish at 6.8% in the year to the end of Q2.
Flash PMI has just been revealed at an excellent 53 for services in France but just 45.9 for composite PMI in Germany, well below expectations. However, German manufacturing PMI was as expected at 48.3.
EUR/USD past year
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