020 7898 0500Monday saw a rather uneventful day for the euro, which ended the day much as it started against most other major currencies and slightly stronger against the US dollar. German Ifo Business Climate data (a leading indicator of economic health) came out lower than forecasted at 106.6, a slight decrease on last month’s 106.7. This suggested the Eurozone economy is still slowing down.
Today is an unusual day with minimal data due from the Eurozone which could affect currency markets. Investors will therefore be on the lookout for surprise influences or events elsewhere to affect euro markets today.
If you are looking to buy or sell euros, we suggest contacting your trader now for live rates, news and currency purchasing strategies.
