Monday was a very quiet day for the euro as unemployment data for the Eurozone came out as expected at 10.3%. In previous months it had been dropping ever so slightly, 0.1% at a time, but this time the trend was halted. Producer Price Index (PPI) data from the Eurozone did not quite meet expectations, having fallen by -0.7% in March against an expected -0.6%.
Manufacturing orders from Germany are released this morning, with the forecast at 0.2% which would be better than February’s negative figure of -0.1%.
If you are looking to buy or sell euros, we suggest contacting your trader now for live rates, news and currency purchasing strategies.