It was a poor day for the single currency, weakening decisively against GBP, AUD and CAD, but ultimately unmoved against the US dollar. This morning, however, it has strengthened against the US dollar.
Manufacturing Purchasing Manager’s Indexes (PMI) from S&P Global were disappointing pretty well across the board, varying from 47.8 (Germany) to 49 (Spain). One bright spot was new car sales in Spain, which shot up to 12.7%.
This morning we’ve had Spanish unemployment rising less than expected. Later today we’ll have another speech from ECB President Christine Lagarde.
Plenty more data tomorrow too, including Germany’s Balance of Trade for August and a slew of PMI data.
EUR/USD past year
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