Little data means quiet times for the euro

As expected, it was a quiet day for the euro with no data releases of note. Industrial production figures out of France came in below forecast, but the market’s response was muted. Mid-afternoon saw the euro drop off a little against its two main peers, sterling and the US dollar, but this was triggered by speculation elsewhere, which saw euros sold off to buy up US dollars.

Another quiet day on the data-front today means any market movements will be triggered by events elsewhere.