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The euro is trading at $1.3288, flat on the day after a raft of economic reports from the region. Spain announced its services purchasing managers index (PMI) for July, which came in at 48.5 compared with 47.8 in June. Though a reading below 50 indicates contraction, on the positive side July's reading marked a two-year high.
The eurozone as a whole also revealed its services PMI for July, with a reading of 49.8, which was a slight improvement on June’s figure of 49.6. Although the services industry remains in contraction territory, it's at least a step in the right direction.
The eurozone Sentix investor confidence survey of investment analysts came in at -4.9 for July, a reading well below the market consensus of 9.8, offsetting the other relatively positive news from the region.