EUR/USD snapped a five-day losing streak on Friday but closed the previous week in negative territory.
EUR/USD trades marginally higher on the day above 1.0500 on Monday. Flash PMI data from Germany, the Eurozone and the US will be scrutinized by investors. The pair could extend its recovery once it flips 1.0520 into support. The pair clings small daily gains above 1.0500 as investors await macroeconomic data releases. Euro PRICE Last 7 days The table below shows the percentage change of Euro against listed major currencies last 7 days. Euro was the weakest against the US Dollar.
Preliminary December HCOB Manufacturing and Services Purchasing Managers Index data from Germany and the Eurozone will be watched closely by market participants. In case Services PMIrises above 50, either in the Eurozone or Germany, and reflect an expansion in the sector's economic activity, the immediate reaction could help the Euro find demand. In the second half of the day, S&P Global PMI data will be featured in the US economic docket.
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