020 7898 0500The euro posted its fifth consecutive day of gains against the dollar yesterday, largely because of comments made by Donald Trump about US interest rate rises. In truth, it was an extremely quiet day for economic data from the eurozone, but Trump’s comments were enough to send the dollar tumbling.
Today is another quiet day for the eurozone, but we could see some further euro movement against the dollar, with the FOMC minutes set for release. Tomorrow is extremely busy, with a raft of PMI data from Germany and the eurozone on the schedule, as well as the European Central Bank’s monetary policy meeting accounts.
We could be in for a volatile end to the week for the single currency, but whether it can continue its recent trend against the dollar, or whether its position will be reversed is currently unknown.
