With no data releases yesterday for the common currency, the euro traded slightly lower throughout the day against both the dollar and the sterling. As mentioned earlier in the week, the euro seems to become increasingly insensitive to European Central Bank (ECB) rhetoric, with BNP Paribas claiming that ‘policymakers’ inaction speaks louder than weak words’.
Today tells a similar story, with no news from the Eurozone. However, given that there will be significant data sets out from both the UK and the US, there is potential for relative movement in the euro against sterling and the US dollar.
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