German Manufacturing PMI

Germany's all-important manufacturing sector slumped into contraction in February, exacerbating fears that the Eurozone's largest economy has been unable to extricate itself from an ongoing slump in activity.

The Euro hit the ropes Friday after November's IHS Markit PMI surveys showed the single currency bloc's economy softening even further in the final-quarter, casting a shadow over the European Central Bank (ECB) policy outlook.

The Euro fell to a two-month low Wednesday after IHS Markit PMI data revealed a deepening slowdown in the French and German industrial sectors during October, placing the outlook for GDP growth under a spotlight.

The Euro is off to a strong start in 2018 as the Eurozone's economic growth story continues with both Eurozone and German Manufacturing data confirming the Eurozone's expansion continues.