Currency Note Euro

Events elsewhere could influence the euro

By Ricky Bean August 19th, 2014

In a generally quiet day in terms of influential events, the euro weakened slightly against a number of other major currencies. The Bundesbank – the German central bank – released its monthly report which saw an echoing of the sentiments being expressed by the European Central Bank (ECB). The Bundesbank report expressed concern over Germany’s economic outlook and continued to cite the current sanctions in place that restrict trade with Russia as a key factor in lowering the nation’s growth expectations for 2014.

Eurozone data releases are weighted towards the end of this week; however, sharp rate movements could still happen today as the schedule of events is livelier for the UK, USA and elsewhere, and may affect euro performance.