020 7898 0500The euro ended on a mixed note on Friday as it strengthened against the US dollar after worse-than-expected reports were released from the US, but the single currency weakened off slightly against sterling as investors began to unwind their positions before the weekend. Overall, a slow finish for the euro on Friday as there was no significant data released.
On Tuesday business confidence data will be released out from Germany. This is anticipated to tick up slightly from 50.7 to 52. Anything above 50 indicates expansion, and any unexpected results could lead to movements for the single currency.
Investors will also be looking towards the European Central Bank (ECB) on Thursday for their latest monetary policy decision. No change is expected, but investors will look for clues as to what course of action the central bank could take in the near future.
On Friday, we expect a slew of Purchasing Managers’ Indices (PMIs), in terms of manufacturing and services PMI data for France, Germany, and Flash figures for the Eurozone as a whole.
If you are looking to buy or sell euros, we suggest contacting your trader now for live rates, news and currency purchasing strategies.
