Currency Note Euro

Currency is a rollercoaster for the euro

By Smart Currency August 28th, 2015

The euro had a very mixed week against the US dollar and sterling, starting the week flying high but being pegged back on Thursday as the stock markets and general market sentiment improved. The release of positive US data hit the euro hard as it struggled across the board, and fell over 1.5% after the European Central Bank warned that there is still a real danger of missing their inflation target – meaning the current economic stimulus programme may need to be continued.

Today, business and consumer confidence from the Eurozone is released at 10am, and this is forecast to weaken to 103.8 from 104. In the afternoon, the German Consumer Price Index will be released and this is expected to fall to a negative -0.1% from last month’s figure of 0.2%.