Up, up, and away! The euro was able to show some strength yesterday, thanks to a bit of risk appetite. EUR/USD, which had started the day at 1.3021, rallied slowly during the day to end the U.S. trading session at 1.3057.
The economic calendar was empty yesterday and today, only the Belgium NBB Business Climate survey will be published. It will come out at 1:00 pm GMT and it is projected to print a reading of -10.8. In the last reporting period, it showed a -11.6 reading.
The Belgium NBB Business Climate survey measures how healthy manufacturers, builders, services and trade-related firms are. A reading below 0.0 indicates that conditions are getting worse. In this case, survey respondents mostly believe that the industry is still in contraction mode, but it has improved a little.
Other than the survey, keep an eye out for market sentiment. It has been the main driver of price action recently and good news from Spain (like the country officially asking for aid) could catapult the euro to new highs.