Currency Note Euro

Spotlight on Germany in Eurozone today

By Ricky Bean April 19th, 2016

It was a fairly quiet day for the euro on Monday as it lost ground against sterling, but this was down to strength from the latter, rather than influences from Eurozone data. On the other hand, the single currency managed to gain slightly against the US dollar, erasing some of its losses from the previous week. In terms of data though there was nothing to significantly move the markets for the euro.

Today should be a busier day as ZEW German business confidence data is due, expected to fall slightly from 50.7 down to 50.6. Any deviation on this figure is likely to impact the markets, as the German economy is the largest in the Eurozone.

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