The Euro is gaining 0.10% to the Yen, as the markets opened this Monday in a clear risk-on mood. The Single currency has been something of a canary in the coalmine recently, coming under pressure every time gloomy news regarding the future growth of the global economy hit the headlines. This time around the Euro is reacting to the publication of positive Chinese PMI figures, revealing an unexpected vitality, which is music to the ears of those that feared a continuation of the economic slowdown in China. The positive impact of these news is illustrated particularly well by the significant Euro gains against the Japanese Yen, typically seen as a refuge asset, meaning investors are entering the last month of the year with optimism.
