The euro remained very flat on Wednesday against its major peers, remaining in the same position throughout the day. Purchasing managers index (PMI) figures from the Eurozone were released exactly as forecast at 53.0 – slightly down from February’s figure of 53.1.
For the rest of the week, we do not expect to see any further significant data from the Eurozone. However, the single currency may well be affected by news from elsewhere such as today’s UK services PMI and the US non-farm payrolls data released on Friday, given the major relationship between euro and the US dollar – so please don’t assume that the lack of Eurozone data means that the rest of week will be fairly quiet for the euro.
If you are looking to buy or sell euros, we suggest contacting your trader now for live rates, news and currency purchasing strategies.