Currency Note Euro

Positive Eurozone data supports the euro

By Smart Currency October 18th, 2013

The euro ended the week in positive fashion reaching the highest level since February against the US dollar, peaking at 1.3680. Data released this week was mainly positive with the month on month Industrial Production figures coming out at 1% compared to last months revised figure of -1%. We also saw a reduction in August of Italy’s government debt and improved figures from Germany’s ZEW survey. The Eurozone Commission is also hoping to announce that no further assistance will be extended to Spain following recent evidence of its self-sustaining recovery. Little data is due to be released from Europe today; but, we may see some movement as we head into the weekend with investors looking to lock in some profit. Call now for the latest price on the euro from your trader.