Belgian business confidence, a bellweather for the euro zone, rose for the second consecutive month in May, with improvments in all branches of industry.
The index, often referred to as the leading indicator, improved to -27.6 in May from -29.4 in April, not far from median forecast of -27.0.
That’ll count as a green shoot. EUR/USD relatively steady though in wake of data, presently at 1.3915.
S&P futures are slipping again, which will be negating accelerated EUR/USD gains at the present time.