Eurozone data releases vs trade war threats - Scotiabank

Analysts at Scotiabank explained that the Eurozone data releases were second-tier in nature.

Key Quotes:

"Although, retail PMI numbers were broadly higher in Feb (versus Jan). German construction PMI numbers were sharply lower, however. 

The EC has announced a range of goods that will be subject to “tit-for-tat” levies in the event of the US imposing tariffs; goods include the “usual suspects” of bourbon, motorcycles and apparel but includes agricultural products."

"The EUR may struggle to improve materially while trade war threats remain but it looks much more comfortable back in its established range versus the USD."