Eurozone June flash services PMI 58.0 vs 58.0 expected
- Prior 55.2
- Manufacturing PMI 63.1 vs 62.3 expected
- Prior 63.1
- Composite PMI 59.2 vs 57.1 expected
- Prior 57.1
Eurozone business activity grew at the fastest rate for 15 years in June as the economy re-opened further from virus-fighting restrictions and vaccine progress boosted confidence. As mentioned earlier the key aspect will be the ECB's perspective from here vs the Fed. Until we see a manifest shift then EURUSD upside shoudl be limited, especially with US PCE expected to come in circa +3.4% on Friday.