Currency Note Euro

Euro finds great support across the board

By Ricky Bean January 8th, 2016

It has been an impressive week for the euro, and Thursday was the pick of the bunch as it rose to fresh highs against sterling and got very close to its highest value against the British currency since January 2015; the single currency also rebounded well against the dollar. This was due in part to favourable data from the Eurozone: the unemployment rate in the euro area fell to its lowest level in over four years (the third straight decline), while economic sentiment also unexpectedly improved last month.

Early this morning, Industrial production figures from Germany are released, and this is expected to increase from 0.2% to 0.5%. With the euro so well supported at the moment, we can expect minimal movement today and euro investors will be looking ahead to Monday.