Currency Note Euro

The Euro enjoys mixed fortunes

By Smart Currency October 10th, 2013

The euro experienced a mixed day yesterday as we saw a variety of movements against other major peers in response to events elsewhere. The single currency dropped considerably against a resurgent US dollar, but did appreciate against sterling. German industrial production data showed a greater increase in output than expected, although this had a limited overall effect on euro strength. Today, the President of the European Central Bank addresses the Economic Club of New York and investors will once again be watching for any mention of Long-Term Refinancing Operations (LTROs) and any hints regarding future monetary policy decisions. Before this, data in the form of the French monthly industrial production figures is set to be released this morning along with the European Central Bank monthly bulletin. Call your trader now to see how Draghi’s words affect euro performance.