Currency Note Euro

Euro awaits today’s PMI data

By Smart Currency November 20th, 2014

The euro had a relatively uneventful day yesterday, with the only data release being monthly current account (trade balance) figures. Despite the figures coming in a little above forecast, the euro held flat against the US dollar and lost some ground against a stronger sterling.

We expect today to be a more eventful one for the single currency, with a raft of economic health data coming from across the Eurozone. Purchasing Managers’ Index figures from both the manufacturing and services industries are forecasted to be up on last month’s release, and will be watched closely by traders.