Daily Morning Report 23/04/2015
The euro edged lower against the U.S. dollar today after data showed that the German consumer climate improved less than expected this month and as investors remained cautious ahead of eurozone manufacturing and service sector data due later in the day.
Data earlier showed that the Gfk German consumer climate index ticked up to 10.1 this month from 10.0 in March.
Elsewhere, the euro also remained under pressure as the Greek government was no closer to reaching an agreement with its eurozone partners and the International Monetary Fund over economic reforms required to access remaining bailout funds, fuelling fears that the country could be forced out of the eurozone.
Meanwhile, the dollar remained supported after the U.S. National Association of Realtors said on Wednesday that existing home sales rose 6.1% last month to 5.19 million units from a revised total unit of 4.89 million. Analysts had expected existing home sales to rise 3.0% in March.
Later in the day, the eurozone is to release survey data on private sector economic activity, while Spain is to release its employment report. The U.S. is to report initial jobless claims and new home sales.