EUR/USD Ticks Up to Three-Month High Amid Choppy Market
The EUR/USD currency pair has reached a three-month high, but is currently trading slightly lower by 0.05% at $1.1678.
This comes as the European economy remains quiet today, with no significant events on the radar and a choppy market mood prevailing. However, the overall sentiment is supportive for the single currency, driven in part by the recent improvement in Euro area business activity.
The latest data shows that the composite Purchasing Managers' Index (PMI) has advanced to 52.1 from June's 52, hitting a nine-month high.