Currency Note Euro

Euro holds its own

By Smart Currency September 18th, 2013

The euro struggled somewhat yesterday compared to Monday’s more impressive display. This was despite the release of much better than expected German and European investor optimism figures which showed German optimism had jumped to 49.6 whilst European optimism as a whole rose significantly to 58 from 44. It would appear that despite concerns about Syria and weak European growth investors are appearing evermore optimistic, possibly because of the promise made by the ECB president to do ‘whatever it takes’ to save the euro which appears to be giving economic activity a much needed boost. Today we have a very quiet day ahead with all eyes focusing on the Bank of England minutes and in the Federal Open Market Committee’s (FOMC) meeting in the US; call in now for a live update on the market.