Currency Note Euro

Euro dependent on other currencies

By Ricky Bean May 17th, 2016

The euro had a quiet start to this week moving sideways against the US dollar and sterling as the morning progressed. Against the US dollar this was the trend for the full day but against sterling it started to weaken as the day progressed, losing over a cent by the end of the day.

On the Eurozone data front it is also anticipated that we will have another quiet day with limited movement. Wednesday is likely to be the first real day of any significant reports due. In the meantime, euro movement will depend on that of its peers.

If you are looking to buy or sell euros, we suggest contacting your trader now for live rates, news and currency purchasing strategies.