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Posted August 22nd, 2013 by Charles Purdy

Europe awaits influential PMI figures

Yesterday had little of note to speak of for the euro, as no data came out from the Eurozone to make any drastic changes to strength of the multi-nation currency. The major shift was seen as losses against a strengthening US dollar before the release of the FOMC meeting minutes, while against the majority of partners little change was seen over the course of the day. First thing this morning we have influential manufacturing and services Purchasing Managers’ Index (PMI) figures out of France and Germany, two of the major economic forces in the Eurozone as well as the overall figures for Europe as a whole. Positive results have the potential to have a big effect on the strength of the euro. At the same time, important data from around the world could still impact the euro. As such, it promises to be an interesting day for the euro, so get in touch for a live rate.

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