020 7898 0500The euro has risen by 1% to its highest level since the US presidential election in November 2016, following negative Trump-related headlines. The Washington Post published an article that said Trump had shared classified material with Russia’s Lavrov – material that had been passed on by a partner who had not given permission.
President Donald Trump has defended his ‘absolute right’ to share information. Regardless of the context of the information shared, it was, yet again, an unconventional act for a President and maintains the cloud of uncertainty surrounding him.
In addition, the single currency traded higher on its own merit. Germany’s ZEW survey rose to its highest level since July 2015 as investor sentiment continued to improve. It did, however, miss expectations but it is the upward trend that would have impressed.
The eurozone trade surplus jumped to €30.9 billion in March as both exports and imports signalled rising global and domestic demand.
Looking to the day ahead we have the final reading of inflation which is expected to remain steady.
