Currency Note Euro

Euro continues to show weakness

By Ricky Bean December 31st, 2014

It was a quiet day for the euro yesterday, with the single currency weakening a little following poor Spanish inflation figures, but on the whole experiencing little volatility.

As we approach 2015, the euro is on track for its biggest annual depreciation since 2005, down 12% against the US dollar since January 2014.

We expect another understated day for the euro today, with no significant data releases expected. A German bank holiday may see liquidity in the market fall a little, and as a result increase volatility, but with no fundamental data to drive movement, we may not see much of an impact.

Our traders are always happy to take a call, even on the last day of the year, so please call to get the latest update on the euro.