EUR steady in lower 1.16s – Scotiabank
The Euro (EUR) is steady, trading flat against the US Dollar (USD) and consolidating in a tight range just above 1.16. The preliminary euro area PMI’s were released and revealed a modest recovery in manufacturing, reaching the neutral (neither contracting or expanding) threshold at 50, Scotiabank’s Chief FX Strategists Shaun Osborne and Eric Theoret report. …