Yesterday saw Spanish Industrial Production figures fall below expectations, and German 10 year bonds sold with a similar yield as last month. We also saw the Greek Finance Minister rebuke International Monetary Fund (IMF) claims that Greece would struggle to run a budget surplus as planned; suggesting that the IMF’s claim was unnecessarily downbeat. The question is who should we believe?
Today sees import, export and trade balance data from Germany, although this is not high-impact data. These figures on their own are unlikely to move euro (EUR) markets too much, but combined with the current political instability they could influence investors sentiment towards the euro.