Currency Note Euro

Euro still troubled

By Smart Currency July 8th, 2015

Yesterday the euro fell against the majority of currencies, apart from sterling, as it moved to five-week lows against the US dollar ahead of a Eurozone summit on Greece later in the day. This was due to growing fears that the country will eventually have to exit the euro area. The single currency came under renewed pressure ahead of the summit, which people hoped would begin proper and substantive negotiations between Greece and its lenders but ended up stagnant as the Greeks had no clear thoughts or plans or new proposals.

There is no significant data out from Europe today, so all the focus will remain on Greece.