Euro to US Dollar (EUR/USD) Exchange Rate Trending Higher
Although the Eurozone published a mixed bag of manufacturing PMI reports on Monday, the Euro to US Dollar (EUR/USD) exchange rate gained by around 0.4%.The common currency was supported by bets that Greece will remain in the Eurozone while the US Dollar was coming under a little pressure following last week’s disappointing US fourth quarter growth report.
Today’s US ISM and Markit Manufacturing reports, plus the nation’s construction spending figures, could have an impact on the EUR/USD pairing in the hours ahead.
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