Private DCN Private DCN - Euro

Eurozone dependent on data elsewhere

By Ricky Bean August 10th, 2016

The euro strengthened over half a cent against sterling yesterday; however, this was mainly driven by poor data from the UK, which weakened sterling, rather than from euro data strength. The euro also made marginal gains against the US dollar.

Today will see another quiet day in terms of data releases from the Eurozone. However, a number of key data releases from USA, Australia and New Zealand may lead to euro movements against its respective pairs toward the end of the day.

If you are looking to buy or sell euros, we suggest contacting your trader now for live rates, news and currency purchasing strategies.