EUR review

Quotes from RBC Capital Markets:

-EUR: Eurozone data overnight have been have been rather positive, though clearly not the markets' main focus. Upside surprises in the majority of the flash Eurozone PMI data culminated in the composite index for the whole area coming in 0.5pts better than expect at 53.5.

-The data have surprised to the upside by around this magnitude in each of the last three months and the headline index is now close to the peak seen in early-2014 (54.0).