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Posted September 2nd, 2015 by Charles Purdy

Euro has a buoyant Tuesday

It was a good Tuesday for the euro as it strengthened against both the US dollar and sterling.

The market peaked early in the morning and quickly moved against euro but overall it remained ahead from the early hours of this morning. Unemployment data from Europe was reported at 10.9%, better than the forecast of 11.1%, while Purchasing Managers’ Index (PMI) data fell slightly however from last month’s figure, from 52.4 to 52.3. German factory activity, however, hit a 16-month high in August, with a Markit PMI registering a rise from 51.8 in July to 53.3 last month.

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 September 1st, 2015 by Charles Purdy

A busy week ahead for the euro?

The euro erased gains against the US dollar while staying unmoved against sterling as those made on Friday morning were eradicated in the afternoon. The single currency came under broad selling pressure last week, after the European Central Bank (ECB) warned on Wednesday that the risk to its inflation has increased in recent times, and that it is prepared to expand its quantitative easing program if necessary.

This week, German retail sales data were released on the bank holiday in the UK yesterday, showing growth of 1.4%. The main release will be today’s unemployment data figures across the Eurozone; this is forecast to remain at 11.1% but if it comes out even slightly better than expected it could increase support for the single currency.

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