Private DCN Private DCN - Euro

EUR: euro trades lower following geopolitical concerns

By Ricky Bean August 10th, 2017

The euro continued to trade within a relatively tight range as only second tier data was released yesterday. The trade balances from Germany and France were released and both exceeded expectations.

The single currency did weaken slightly following the overnight developments surrounding Trump and North Korea, but as economic data has been fairly sparse this week, we expect the currency to continue moving within a tight range for the rest of the week.

Indeed, only the Italian trade balance and French production numbers will be hitting the wires today.