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EUR: Events elsewhere could move euro pairings

By Callum Holmes October 18th, 2016

Today saw high tier data in the form of Eurozone Consumer Price Index (CPI) figures, which came out as expected. On top of this, there was a French bond sale, and speeches by the German Central Bank President Weidmann and European Central Bank (ECB) supremo Mario Draghi.

The euro gained against sterling but weakened against the dollar.  Significant currency movement from the past few weeks seems to have entered a period of calm, but this is not expected to last, with the US presidential election coming up, and continued Brexit uncertainty in the UK.
Today sees only a Spanish bond sale, making it the quietest day in terms of data releases for a while. However, as has been the case over the last few weeks, it is the large, one-off events in other markets that are having the biggest effect on the euro.