Euro weakens despite a lack of data

Wednesday was another torrid day for the euro, as it continued to fall against both its major currency pairs. With very little data released from the Eurozone itself, we can only assume the continued euro weakness was a consequence of the heightened emphasis on the Eurozone’s Quantitative Easing (QE) program and the on-going Greece debt talks.

Today beckons the release of both the German and French Manufacturing Purchasers’ Managers Index (PMI) – encouraging results from these may offer the euro the support it so needs.