After plummeting yesterday on news of Greece potentially failing to get a bailout, the EUR was on the upside this morning after two reports gave investors reason to buy back into the region.
Germany published its factory orders data which revealed a better than expected 2.8% jump in manufacturing expectations. The euro zone’s retail sales data also came out above forecasts at 0.9%; analysts had forecast approximately 0.4% growth given the downturn in spending data.
Read more forex trading news on our forex blog.