020 7898 0500The euro has had a fairly quiet week against the majority of currencies. It has strengthened slightly against the US dollar but this was down to US dollar weakness rather than any news or data out of the Eurozone.
On Thursday consumer confidence data continued to follow the theme of the week, coming out right as forecast at -9.3, the exact same figure as in the previous month. German Consumer Price Index (CPI) data also came out as expected, falling from the previous month, at 0.3%. This will be seen as a long-term issue, with inflation still much lower than the target figure of just under 2% for the European Central Bank (ECB).
Today could be a crucial day for the single currency as we have released flash CPI data for the Eurozone, along with flash growth data and unemployment figures in the morning.
If you are looking to buy or sell euros, we suggest contacting your trader now for live rates, news and currency purchasing strategies.
