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EUR: euro continues to trade slightly lower despite lack of data

By Michael Cooper August 11th, 2017

It has been a pretty uneventful week for the single currency with movements largely being driven by factors outside of Europe. Economic data has been light this week, but it does pick up next week, with GDP, inflation and German ZEW numbers hitting the wires.

This week we have seen the EUR/USD pairing retrace slightly from its multi-month high. This is in part because economic data from the US has been more encouraging than expected. In addition, the ongoing tensions between the US and North Korea has resulted in some safe haven flows.