The euro was buoyant on Thursday after more evidence of strength in China improv...
TOKYO - The euro was buoyant on Thursday after more evidence of strength in China improved the outlook for the global economy, with the market looking next to European indicators to provide the currency with a further boost.
“A recovering Chinese economy is also good news for the German economy, and thus positive for the euro. The ongoing surge in bund yields amid ‘risk on’ is a key factor supporting the euro,” said Junichi Ishikawa, senior FX strategist at IG Securities in Tokyo. The Purchasing Managers Indexes for the manufacturing and service sectors in Europe due later on Thursday will provide the next indication of strength for the European economy.
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