Currency Note Euro

Will the Euro continue its good run?

By Smart Currency December 16th, 2013

The euro finished the week in a rather uneventful fashion as it traded within a narrow range against its major trading partners. Despite European Central Bank (ECB) President Mario Draghi making two speeches, the single currency was relatively stable. Expect increased volatility from the off next week as French and German Manufacturing releases are expected on Monday ahead of another Draghi speech in the afternoon. This is followed on Tuesday by German ZEW economic sentiment figures, which are derived from a survey of key economists and analysts. The final EU Summit of the year takes place on Thursday and Friday and will focus on reaching an agreement for the Single Resolution Mechanism – the new supervisory body for the Eurozone banking systems. Call your trader now to discuss your remaining transactions for 2013.