020 7898 0500This week has seen small movement for the euro against the dollar, pushing up at the beginning before sinking back – and then finishing slightly weaker compared to the previous Friday. Similar activity was seen against the pound, with the euro clawing back a cent from the slump we saw in April – but still with no drastic change.
Monday morning sees the release of May’s Sentix Investor Confidence. A higher confidence is predicted here, with an expected rise to 6.2 from 5.7, which suggests a slightly more bullish view of the single currency. We shall also see the finance ministers of the Eurozone and the Euro group president sit down for May’s Euro group meeting this week. Greek debt is on the agenda and with the Greek Parliament just narrowly voting for further austerity measures, amid some nasty looking riots, we will hopefully avoid last year’s saga with Greece receiving additional funds on a timely basis.
If you are looking to buy or sell euros, we suggest contacting your trader now for live rates, news and currency purchasing strategies.
