The European Major Currencies Grow

Forex News

It is expected, that the US stock markets will open slightly higher on Friday after three days of small losses. It was a relatively quiet week in terms of economic data.

The British pound has strengthened after comments of the representative of the Bank of England Kristin Forbes, who supports the increase in rates. But still, the pound remains limited in relation to the US dollar because of political uncertainty in Britain. The euro has strengthened today thanks to strong data from the Eurozone, Germany and France.

Eurozone Manufacturing PMI rose to 57.3 in June. Economists had expected a decline to 56.9. The index reached a 74-month high in June. German Manufacturing PMI fell to 59.3 in May, exceeding the forecast of 59.1.