Tuesday was a mixed day for the euro as it made positive but small steps against the US dollar but fell against sterling as the weakening trend continued. With no data out from the Eurozone yesterday the markets continued to follow the trend as it did the previous week.
Money supply for the Eurozone is out today which is expected to remain at 5%. Other than this Spanish retail sales data is out early this morning, coupled with business sentiment from Italy, which is expected to rise slightly from 102.2. up to 102.6.
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