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EUR: Euro strengthens despite limited data

By Michael Cooper March 1st, 2017

Economic figures from the Eurozone were overshadowed by events elsewhere yesterday. French and Italian price levels were reduced, with French figures falling short of expectations, while Italian data exceeded forecasts. The euro (EUR) still had a good day, despite a lack of significant data – strengthening against both the pound (GBP) and dollar (USD).

Today sees a much busier day for the single currency. Purchasing Managers Index (PMI) data is due for the German, Italian and Spanish manufacturing sectors, as well as figures the bloc as a whole. Germany also sees the release of unemployment data, as well as consumer price data.