EUR/USD has opened firmer in Europe, up at 1.4770 from a North American close Friday around 1.4715. Sovereign buying was again seen in Asia, this time below 1.4700, lending the pairing good support.
Some positive signs over the weekend that the Global economy is slowly on the mend, well at least the economy out in Asia.
China’s October PMI rose to 55.2 from 54.3 in September and there was news the country had created 7.57 new jobs in the first 8 months of the year.
Meanwhile Australia has upgraded its economic outlook, while South Korea’s export picture is improving.
For today Euro zone data due for release:
08:45 GMT: Italian PMI manufacturing for October
08:50 GMT: French PMI manufacturing for October (final)
08;55 GMT: German PMI manufacturing for October (final)
09:00 GMT: Euro zone PMI manufaturing for October (final)
