Anticipations about the strongest economy in the euro zone releasing brightening data helped drive up the value of the common currency of the European Union on Monday against the Japanese yen, Bloomberg reports.
A poll administered by the news source noted the economists project the euro zone's purchasing managers report will cite regional services and manufacturing are developing this month more rapidly than any time in the past two years. The 17-nation monetary unit rose 0.3 percent against the Japanese yen.
Germany, the largest economy in the euro zone, is forecast to state producer prices rose 0.2 percent in July, which would mark the first climb in about six months. The Federal Statistics Office is scheduled to release the information on Tuesday.
On Thursday, Markit Economics is set to release another survey regarding manufacturing, which economists project will push to 51.1 this month after having checked in at 50.7 in July. The metric registering at 50 or higher signifies growth.
The euro zone economy climbed 0.3 percent during the April-to-June period of this year, which ended 18 months of recession in the region, according to Reuters.
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