EUR/USD holding up, underpinned by better than expected French data

EUR/USD is holding up pretty well in early European trade, presently at 1.3185. The release of better than expected French economic data is helping underpin the pairing.

French March consumer spending rose +1.1% m/m, +0.6% y/y, better than median forecasts of +0.2% and -0.5% respectively.

Sources report buy-stops gathering just above 1.3200.