A generally uneventful start to the week for the euro with limited data releases. However it did make good gains against sterling as sterling seems to be losing favour with investors.
Today promises to be more eventful, marking the beginning of a busy few days for Eurozone data releases. A raft of Purchasing Managers’ Index (PMI) releases from across the bloc will be released for both the manufacturing and services industries. These will be closely watched by the markets as the PMI is a leading monthly indicator of the state of the area’s relative economies.