Currency Note Euro

Euro remains relatively stable

By Smart Currency July 7th, 2014

After losing ground against the majority of major currencies for large parts of last week, euro rates were relatively stable on Friday with little data released to move the market.

German industrial production figures came out much worse than expected this morning, increasing concern that Europe’s largest economy may be starting to stall. On Thursday we will see the release of the European Central Bank (ECB) monthly bulletin which displays the statistical data that was analysed by the ECB when making their latest interest rate decision.

Despite the lack of influential data released in the Eurozone this week, there is plenty going on elsewhere that has the potential to spur movements in euro.