The last day of the year was a quiet one for the euro, with liquidity low as traders’ minds appeared to be focused on the New Year’s festivities!
The start of 2016 sees data releases begin in earnest, with German Inflation data and the results of the Europe-wide Manufacturing Purchasing Managers’ Index (PMI). On Tuesday, 5th January, Unemployment data will be released from Spain and Germany first thing, then later on, we will see key Inflation figures announced. On Wednesday, 6th January, we have the Europe-wide Services PMI data comes out, then on Thursday we will learn the level of unemployment in the Eurozone as a whole. The week will be rounded off with German Retail Sales data, then Industrial Production and Trade Balance data from Germany and France.
If you are looking to buy or sell euros, keep a close eye on the markets as the New Year and key data releases unfold. Contact your trader today for the latest rates, news and to discuss currency strategies for the year ahead.