European PMIs throughout the week are likely to show an economy starting to struggle. The euro has been quite range-bound for a while now, and the weaker data is likely to keep the topside boundary intact in the short term. We think it will have to be USD weakness that allows higher levels to be reached in EUR/USD.
Find out how we can help you
Let us know a little more about your upcoming currency exchange needs. We aim to take the uncertainty away by providing guidance on which services suit your individual requirements. You can then rest, assured your money is not at the mercy of the currency markets.