Home » Currency Note » Currency Note » Currency Note EUR » EUR: Eurozone PMIs disappoint

The euro has weakened against the pound and the dollar, primarily due to greenback strength and disappointing eurozone data.

Poor PMI data for France, Germany and the eurozone as a whole caused the single currency to suffer yesterday. The latest German Ifo business climate figures, which measure the health of the economy, will be released this morning and could give the euro fresh support.

Later today, several European Central Bank officials will speak and there will be a European Council meeting this evening.

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