Currency Note Euro

Euro holding steady as focus seems to be elsewhere

By Smart Currency September 15th, 2014

The euro held firm on Friday, bringing to a close what was relatively flat week for the single currency. Comments made by central bank governing member Luc Coene on Friday highlighted policy makers’ ambivalence towards the weakening euro, suggesting that, if anything, they welcomed it. A weaker currency would likely stimulate growth in the region and curb the drop in inflation, as the relative cost of exports decreases – thereby attracting foreign investment.

Looking forward to this week we have German economic sentiment data out tomorrow, and on Wednesday we will see yearly inflation figures for the European bloc.