020 7898 0500The end of last week saw little movement for the euro, with the only data of note being the mid-tier preliminary growth figures in Germany and Italy (posting slightly positive in Germany and as expected in Italy), as well as flash growth data for the Eurozone as a whole. The latter was slightly negative. The currency lost some ground to the US dollar, falling to two-and-a-half-week lows, but this was more due to the strength of US data rather than the weakness of the Eurozone data
Today sees another very quiet day in the Eurozone, with Bank Holidays in most member states. Looking further ahead, we have a rather quiet week in terms of data releases. Of note is the release of Eurozone final Consumer Price Index (CPI) data on Wednesday, which is expected to remain unchanged at 0.2%. The euro remains vulnerable, however, to events elsewhere, which could trigger movement in the single currency.
If you are looking to buy or sell euros, we suggest contacting your trader now for live rates, news and currency purchasing strategies.
