The EUR found takers on Thursday and during its one day run it was able to muster enough gains to put itself at the higher end of it weak trend against the USD. The situation in Europe remains helter-skelter with a whirlwind of speeches and opinions still being voiced by a wide range of public figures. What feels like a Pandora box of issues regarding Sovereign Debt, austerity measures, and growth prospects continues to roil the European landscape for investors. The swift movements in the EUR have been in full sight for all to see. Today the E.U. will release plenty of PMI data including the Flash Manufacturing and Service reports from Germany and France. Slight improvements are anticipated from most of the PMI figures. Also the German Ifo Business Climate reading will be presented and is forecasted to come in slightly better than the previous report. It will be of interest to see if the weakened EUR actually helps or hinders sentiment with the German Ifo news. The EUR goes into the last day of trading before the weekend having been nothing short of electric and traders who have the ability to be nimble could find swift moves again.
Written by bforex.com