Private DCN Private DCN - Euro

EUR: good start to the year for the single currency

By Ricky Bean January 9th, 2017

In what has been the fastest period of growth for the Eurozone’s economy since 2011, the euro finished the week up against both the dollar and the pound.

Following the raft of key Purchasing Manager Index (PMI) releases last week and over the Christmas period, this week seems quiet in comparison. Today will see Germany release their industrial production and trade balance data and Italy monthly unemployment data. The Eurozone as a whole is also scheduled to release its unemployment figures.

On Tuesday we’ll have only French industrial production and Wednesday German bond sale figures. Thursday will see a slight pick-up in activity, with French consumer price data, Italian and European industrial production figures and the ECB releasing the Monetary Policy Meeting minutes.