Bloc state continues to impress, solidifying the single currency


Mario Draghi has a host of reasons to be positive in current markets as eurozone figures were notably strong this morning with Manufacturing and Services PMIs comfortably above 50.0 for May.
Momentum for the single currency has been obvious with EURUSD peaking at 8-month highs at a time where political threats are quickly diminishing. Populist voting has been quashed in both the Netherlands and France, with the main conundrum for Draghi, low inflation, seemingly also disappearing as levels are very close to the 2% target. At a time where Trump is continually sending shockwaves across US markets, and the UK in the midst of an election, things in the eurozone appear somewhat settled.

Greece fails to win debt deal, as UK budget deficit widens

Alex Lydall quoted in the Guardian

— www.foenixpartners.com —