Currency Note Euro

Will data releases this week support the Euro?

By Smart Currency August 5th, 2013

The euro struggled on Friday and only really made notable gains against a weak US dollar. Data released from Spain showed that the number of people without a job had fallen in July for the fifth month in a row, albeit by less than had initially been anticipated. Despite this drop, the International Monetary Fund suggested that unemployment in Spain would remain “above 25 per cent to 2018”. Services PMI figures released this morning for the Eurozone will be watched closely by investors who will hope for a positive reading following the better than expected manufacturing PMI figures released last week. It is a busy week for Germany with factory orders, industrial production and trade balance data all scheduled to be released. Other notable releases includes the preliminary Italian growth figures and the monthly bulletin from the European Central Bank. Call your trader now for the latest on the euro.