Currency Note Euro

A growth of confidence for the Euro?

By Smart Currency July 29th, 2013

The euro ended last week on a high, holding the gains it had achieved against its main trading partners earlier in the week. The euro’s performance on Friday was unaffected by slightly lower-than-forecast German import price data which showed that prices had fallen by 0.8% from May to June. Following some slightly more positive data emanating from Europe last week which caused the euro to gather a head of steam, the general sentiment is a tentative growth of confidence in the market but it will be looking towards the the European Central Bank’s (ECB) monthly decision on monetary policy on Thursday. Before then, we have unemployment data out of Germany, and manufacturing data out of Spain and Italy. Call in for news and live rates on the euro.