Currency Note Euro

Somehow the euro has a good week!

By Ricky Bean March 20th, 2015

The euro seemed to enjoy a good week especially against sterling, pulling back to well below the 1.40 level. As did sterling, the euro saw some rapid movement against the US dollar following the Federal Reserve meeting on Wednesday.
Although progress seems to be being made on the Greek debt there are always warning signs around the corner as the European Parliament President Martin Schulz warned that Greece’s financial situation was ‘dangerous’, with debt payments looming and still no deal agreed; only extended. There is European Central Bank (ECB) net investment flow data out at 10am today; otherwise, this day posts to be another quiet day in terms of euro data releases. Any movements in euro markets are more likely to be a result of events elsewhere.