Currency Note Euro

Euro ends the week in quiet fashion

By Ricky Bean March 17th, 2014

Euro markets ended the week in quiet fashion, with no major additional data from the Eurozone to alter markets significantly. As investors continued to digest the words from European Central Bank (ECB) President Mario Draghi, the overall result was mixed for the multi-nation currency.

This week starts with a few minor releases, with inflation figures released in the form of the Consumer Price Index (CPI) today. Activity increases tomorrow then, with economic sentiment from major Eurozone contributor Germany.  The 10-year bench mark bond auctions from the country provide the sole mild piece on Wednesday, with its Producer Price Index due the day after. Thursday also sees the start of the EU Economic Summit, continuing in to the end of the week. The week then winds down with the current account figure, which could affect investor confidence in the Eurozone economy.

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