Euro Stays Above 1.16 Level

Forex News

The euro fell slightly and is trading at 1.1650 level. The euro/dollar pair increased by 1.6% last week. Earlier today, the pair reached the highest level since August 2015 (1.1684).

German Manufacturing PMI in July was 58.3, with a forecast of 59.2. Eurozone Manufacturing PMI fell to 56.8, with a forecast of 57.2. But still, the indices point to the continued expansion in the German and Eurozone production sectors.

The ECB left its monetary policy unchanged last week. The interest rate remained at the level of 0.0%.