Private DCN Private DCN - Euro

EUR: Market sentiment affecting Eurozone

By Ricky Bean November 11th, 2016

A mixed week for the euro was affected by the US presidential elections and its result. Yesterday saw some data released in the Eurozone. French industrial production fell, but non-farm payrolls came out better than expected. We also saw mixed Italian industrial production figures, and disappointing Irish price data. The euro fell against sterling due to changing sentiment regarding the UK economy and market. It did regain some of its losses of the previous day following the outcome of the US election results.

Today sees another quiet day on the data front, with a raft of German price data and an Italian bond sale figures due. The euro markets are likely to be dominated by investor reactions to the outcome of the US election, with markets essentially deciding where they want to place their investments, and currencies benefiting from these flights of capital.