Currency Note Euro

Euro loses ground

By Smart Currency March 20th, 2014

With no significant data out of the Eurozone, performance for the single currency was mixed yesterday. The most significant movement was seen against sterling, with positive unemployment data from the UK resulting in it strengthening against the euro throughout the day. The euro also lost ground against the US dollar, with the dollar strengthening following the statement from the Federal Open Market Committee (FOMC). While comments by Russian President Vladimir Putin have stabilised market responses to the Crimean crisis, there is fear that renewed Russian aggression could harm the euro.

With a quiet day ahead in the Eurozone, unemployment claims from the US are likely to cause the most market movement.

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