Currency Note Euro

Eurozone steady in difficult circumstances

By Callum Holmes July 29th, 2014

The euro had a mixed Monday as it swung both ways against its major peers. Pressure still remains on the currency as there are few signs of Eurozone economic stabilisation any time soon with unemployment figures at nearly 12% and very low inflation at 0.5%. There were no large shifts for the euro yesterday as it awaits more important news, due later this week.

Today we see Business and Consumer confidence data from the Eurozone. Previously reported at -7.5, it is now forecast at -8.4. Results that are worse-than-forecast stand to have a significant impact on the euro. The Eurozone also sees more important data on Thursday, in the form of inflation and unemployment figures.