Wednesday was one of the quietest day of the year for the euro, as it remained near enough unchanged against it major trading peers. Spanish Consumer Price Index data came out slightly worse than forecast, at-0.1%, but this was an improvement on last month’s figure of -0.4%. However, this data was largely overlooked, overall.
New Year’s Eve is likely to be another stagnant day for the single currency, but with some key data to be released in early January, we can expect a brisk start to 2016.
If you are looking to buy or sell euros, it is important to keep an eye on the markets as the New Year begins. Contact your trader in the first week of January for the latest rates, news and to discuss currency strategies for the year ahead.