Eurozone affected by other currencies on Tuesday

Tuesday was a quiet day for the euro; with the action happening elsewhere, the currency’s strength was reliant on the movement of other currencies – and there was little it could do stop opposing forces.

Today at 9am, we have Balance of Payments data, and Net Investment flow from the Eurozone; last month’s figure was a positive 41 billion for the euro economy, so anything above this number should help support the single currency. Other than this, we will have to wait until Thursday for the first major piece of data to come from Europe, after a very quiet week.