Currency Note Euro

Surprise strength for euro

By Smart Currency June 6th, 2016

The euro gained against the US dollar and sterling on Friday as very poor US non-farm payrolls undermined the US dollar and sterling. Volatility was muted following Thursday’s European Central Bank’s interest rate decision, which remained unchanged. Even though this was expected, there is still a focus on far more important economics events.

This week, key Eurozone data is thin on the ground but there will be a steady flow of influential data such as German factory orders today. However, the UK’s EU Referendum will continue to claim centre stage, with around two weeks to go until the Referendum decision.

If you are looking to buy or sell euros, we suggest contacting your trader now for live rates, news and currency purchasing strategies.