Euro Has Decreased Despite Strong Eurozone Data

The euro has declined for the third trading session in a row. The EUR/USD pair is trading at 1.1330. The European single currency fell despite strong economic indicators from the euro area.

Economic data from the Eurozone showed that Services PMI rose to 55.4 in June, above the forecast of 54.7. The German Services PMI increased to 54, with a forecast of 53.7.

Markets are waiting for the minutes of the US Fed’s last meeting. Representatives of the Fed said that they expect a third interest rate increase in 2017. The chances of raising rates in December are 50%, and the probability of a rate hike in September is only 18%.