Run of better than expected European data helps extend EUR/USD rally

French, German and Euro zone final November manufacturing PMI have all come in better than expected;

French 54.4 versus median forecast 54.2; German 52.4 versus median forecast 52.0 and Euro zone 51.2 versus median forecast of 51.0

Meanwhile November German s.a. unemployment fell by 7k to 3,422 mln, better than the median forecast which had been looking for an increase of 10k.

The combination of better than expected data helped lift EUR/USD to a session high 1.5075. We’re presently back at 1.5065.