Currency Note Euro

Euro holds its own against the dollar

By Smart Currency August 19th, 2013

The euro held above the 1.33 level against the US dollar on Friday, but lost a little ground against sterling in the absence of much influential data being released. Inflation data came out largely as expected whilst the current account figures showed a much lower surplus of funds than had initially been anticipated. It is a fairly quiet week on the data front in the Eurozone with little data of note released until Thursday when we will see the highly influential manufacturing and services Purchasing Managers Index (PMI) data released across Europe. The other main release will see the final GDP reading for Germany on Friday and the markets will hope for more positivity following last week’s better than expected GDP figures from Europe as a whole. Call your trader now to see how the euro is reacting and to get a live price.