020 7898 0500This week is a busy one for data releases from the Eurozone, but Monday saw little data of significance released from the Eurozone. The data releases that we did see showed mixed signals as to the stability of the region’s economy, with a worsening of Current Account figures, but an increase in the flows of investment to the Eurozone. The euro gained slightly against the US dollar; against sterling, it weakened during trading hours, but finished stronger against the pound.
Today sees an increase in Eurozone data releases, with low tier data coming in from Portugal, Spain, Finland and Germany. The only data releases of note are month-on-month and year-on-year Producer Price Index (PPI) figures released from Germany this morning. Any deviation from expectations could have an effect on the euro, as this data is a good barometer of the price of primary goods in Europe’s largest economy.
