Currency Note Euro

Eurozone awaits German economic sentiment

By Ricky Bean August 13th, 2013

Yesterday was a quiet day for the euro with no data of any significance although it weakened slightly with Spain’s economy dropping 0.1% in the second quarter compared to the previous and unemployment reaching 26.3%. Today we have German economic sentiment which is based on a survey of institutional investors giving an economic outlook over the next six months. With the rest of the Eurozone struggling it is pivotal that Germany is able to remain positive and moving forward. Furthermore, traders may well remain nervous ahead of tomorrow’s second quarter GDP figures released for the continent. It is expected that growth, which while slight, should at least finally show the end of the recession. Call now for the latest movements and news.