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Manufacturing data boosts euro

This morning Eurozone manufacturing PMI came out better than expected at 51.9 ahead of estimates of 51.7 and last month’s 51.8

By Richard Nehme | July 24, 2014 11:57 BST
Euro continues to benefit from weaker USD
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The euro continued to lose ground against the US dollar yesterday as data showed Eurozone consumer confidence fell much more than expected in July. A result of -7.5 was expected but the actual release of -8.4 sent EURUSD to a low of 1.3453. The pair opened this morning down further at 1.3437 marking a new 8-month low [...]

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