Euro struggles, but robust services data stems losses
The euro has been struggling against the dollar in particular over the past couple of weeks, after strong U.S. labour data and signs of persistent inflation have raised the chances that U.S. interest rates will rise further than many previously anticipated.S&P Global’s flash Composite Purchasing Managers’ Index (PMI) for the euro zone, seen as a good gauge of overall economic health, rose to its highest in nine months
