Latest data released by Markit - 21 June 2019

  • Prior 44.3
  • Services PMI 55.6 vs 55.2 expected
  • Prior 55.4
  • Composite PMI 52.6 vs 52.5 expected
  • Prior 52.6

The decline in manufacturing activity is starting to ease while services continues to expand rather healthily and that's feeding more into optimistic economic sentiment following the French readings earlier.

EUR/USD climbs to a high of 1.1316 briefly but is settling back at 1.1305 currently. There are notable green shoots seen in the figures here but we'll have to wait on the coming months' data to solidify the notion of whether or not this rebound is sustainable.

Otherwise, with the economic outlook still looking uncertain amid global trade tensions, it's hard to see the data here providing enough reason for a major lift in the euro in the near-term.