Currency Note Euro

Euro struggles

By Smart Currency January 2nd, 2014

The euro struggled on Tuesday, weakening versus the majority of its trading partners (falling for the first time in five days against the US dollar). This drop was caused by speculation that the Eurozone’s economy will fall behind that of the states, which in turn would force the European Central Bank (ECB) to maintain its record low interest rates. There was no data of any impact released on Tuesday, however today we have manufacturing PMI data released across Europe, including the key Spanish and Italian figures. Call now for the latest news and updates.