Currency Note Euro

Euro has a mixed day

By Ricky Bean July 8th, 2014

Yesterday was a mixed day for the euro as it performed variably against other major currencies. German industrial production figures came out much worse than expected, increasing concern that Europe’s largest economy may be starting to stall. In spite of this, the euro strengthened moderately against sterling and the US dollar following investor confidence figures coming out above market estimates.

With very little economic data due to be announced today, and indeed the rest of the week, it is likely that influential events outside of the Eurozone will continue to drive euro rate movements.