020 7898 0500Like sterling, the euro managed to continue its recent climbs against the dollar for much the same reason. It really does help show how Trump can affect dollar movement through the things he says. That much is true of previous presidents, but what previous US leaders said was certainly more predictable. There is an inherent volatility to Trump’s presidency which magnifies the inherent volatility of the currency markets.
Today is extremely busy for the eurozone, with a raft of PMI readings set for release from Germany and the eurozone. We will also see the flash consumer confidence reading for August, as well as the ECB’s monetary policy meeting accounts, where we could see some indication of future economic policy.
