The euro had a largely uneventful day yesterday, holding flat against the majority of its main trading partners in the early session. Services industry figures from across the bloc came out marginally below forecast, but relatively little impact was seen on the markets. There was a little bit of movement as poor manufacturing data out of the US may have had an impact as dollars were sold and euros were bought as a result.
Looking forward to today, it is possible we will see some volatility as a result of a number European data releases. German retail sales will be followed by inflation and unemployment figures from across the bloc, and markets will be watching the results closely.