020 7898 0500Despite strong US economic data throughout the week, the euro has gone from strength to strength against the US dollar since Monday, gaining nearly two cents overall. On the flip side of the coin however, the single currency came under some pressure from sterling, as the British currency found strength in vastly improved retail sales figures and there was a distinct lack of positive data releases from the Eurozone.
Today will see the release of German Producer Price Index (PPI) data, but this is not expected to cause much market volatility unless it is drastically different from the forecast 0.1%. Otherwise, it will be a rather quiet end to the week for euro, although it could be affected by the movement of sterling or the US dollar.
If you are looking to buy or sell euros, we suggest contacting your trader now for live rates, news and currency purchasing strategies.
