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Posted by Charles Purdy

Bad news for the euro as Draghi suggests the currency needs more help | 10/06/2016

The euro suffered on Thursday after markets were “surprised” by candid statements from the European Central Bank’s (ECB) Mario Draghi, who suggested that the EU stands to collapse economically if its member states do not choose to support it with additional liquidity. He said the ECB would ultimately fail to repair the EU’s balance sheet if they chose not to. Draghi also added that the hesitancy on the part of investors to buy into the euro was having drastic effects on the single currency, and he called on banks and funds alike to clarify their position towards this type of investment in order to quell much of the market’s current volatility. Investor George Soros also added that a potential ‘Brexit’ would all but seal an EU collapse.

In terms of data releases, Thursday was relatively quiet, with Italian unemployment holding steady for the second month in a row, and French Non-Farm payrolls showing modest growth to 0.3%.

Key data releases on Friday come in the form of Consumer Price Index (CPI) and Wholesale Price Index (WPI) figures released from Germany, the EU’s largest economic force. Any gains seen here could see benefit. French Industrial Production figures are also due to grow, and coupled with Italian Industrial Production growth, we may some positive news for the Euro.

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

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Posted by Charles Purdy

Bad news for the euro as Draghi suggests the currency needs more help | 10/06/2016

The euro suffered on Thursday after markets were “surprised” by candid statements from the European Central Bank’s (ECB) Mario Draghi, who suggested that the EU stands to collapse economically if its member states do not choose to support it with additional liquidity. He said the ECB would ultimately fail to repair the EU’s balance sheet […]

Posted by Charles Purdy

Euro gathers strength against US dollar and sterling | 9/06/2016

The euro had a good day on the whole, as it made ground against both sterling and the US dollar. The single currency hit its highest point since the beginning of May against its biggest trading partner, the US dollar. The movement seen on Wednesday was down to weakness from the US dollar and sterling […]

Posted by Charles Purdy

Euro gathers strength against US dollar and sterling | 9/06/2016

The euro had a good day on the whole, as it made ground against both sterling and the US dollar. The single currency hit its highest point since the beginning of May against its biggest trading partner, the US dollar. The movement seen on Wednesday was down to weakness from the US dollar and sterling […]

Posted by Charles Purdy

Disappointing Tuesday for euro | 8/06/2016

The euro had a slightly disappointing day on Tuesday, despite better-than-forecast revised growth figures, as it lost ground against sterling and the US dollar. Revised growth figures for the euro area were anticipated to fall from 1.6% down to 1.5% but actually ticked up slightly to 1.7%. The euro/sterling spike seen very early in the […]

Posted by Charles Purdy

Disappointing Tuesday for euro | 8/06/2016

The euro had a slightly disappointing day on Tuesday, despite better-than-forecast revised growth figures, as it lost ground against sterling and the US dollar. Revised growth figures for the euro area were anticipated to fall from 1.6% down to 1.5% but actually ticked up slightly to 1.7%. The euro/sterling spike seen very early in the […]

Posted by Charles Purdy

Euro reached two-week high against sterling | 7/06/2016

Yesterday we saw the euro gain further strength, reaching a two-week high against sterling. This was due to EU referendum polls in the UK taking centre stage, with the latest polls indicating a jump in ‘Brexit’ support, which caused sterling weakness across the board. This trend was reversed overnight as the likelihood of a June […]

Posted by Charles Purdy

Euro reached two-week high against sterling | 7/06/2016

Yesterday we saw the euro gain further strength, reaching a two-week high against sterling. This was due to EU referendum polls in the UK taking centre stage, with the latest polls indicating a jump in ‘Brexit’ support, which caused sterling weakness across the board. This trend was reversed overnight as the likelihood of a June […]

Posted by Charles Purdy

Surprise strength for euro | 6/06/2016

The euro gained against the US dollar and sterling on Friday as very poor US non-farm payrolls undermined the US dollar and sterling. Volatility was muted following Thursday’s European Central Bank’s interest rate decision, which remained unchanged. Even though this was expected, there is still a focus on far more important economics events. This week, […]

Posted by Charles Purdy

Surprise strength for euro | 6/06/2016

The euro gained against the US dollar and sterling on Friday as very poor US non-farm payrolls undermined the US dollar and sterling. Volatility was muted following Thursday’s European Central Bank’s interest rate decision, which remained unchanged. Even though this was expected, there is still a focus on far more important economics events. This week, […]

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