Investors await a raft of releases for the Eurozone today – how will this affect the euro?

A number of euro fundamental indicators on consumer confidence were in line with expectations yesterday, so the majority of the movements were based on information coming from outside the Eurozone. It ended the day down against the US dollar (following the Federal Reserve release) and slightly up against sterling.

Thursday has a variety of data coming out for Germany (Import Price Index, Consumer Price), Spain (Unemployment Survey), Italy (Wage Inflation) and Portugal (Business Confidence) that will directly affect the euro – alongside Consumer Confidence, Services Sentiment, Industrial Confidence, Business Climate and Economic Sentiment Indicator for the Eurozone. These could affect the direction of movement and sentiment of the communal currency.