Currency Note Euro

Euro holding up despite tough Greek debt negotiations

By Smart Currency February 18th, 2015

The euro had a reasonable day on Tuesday as German ZEW economic sentiment data improved for a third straight month although it was below forecast.

The main story though still centres on the Greek debt renegotiation and will this be settled before the Greeks run out of money. Negotiations are tough, which is to be expected, but time is short so we could be in for hectic few days and some rapid movement in the euro. The direction of the movement will be dependent on how it all plays out.

Today we have no data releases out of Europe so the focus will still lie on Brussels and whether a negotiation will look any more likely as the week progresses.