The euro lost out to all of its major rivals except for a (very small) gain on sterling yesterday.
Today there will be a mass of PMI data out for individual countries and the eurozone as a whole. Spain’s has already come in; a little disappointing, with composite PMI revised to a marginally negative 49.8. Watch out also for eurozone inflation expectations at 10am.
Tomorrow will be retail sales across the eurozone, which are expected to have risen in October after a fall in September.
However, the event to watch out for is EU GDP on Thursday. Will it confirm a fall in the third quarter of the year?
EUR/USD past year
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