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Posted March 20th, 2015 by Charles Purdy

Somehow the euro has a good week!

The euro seemed to enjoy a good week especially against sterling, pulling back to well below the 1.40 level. As did sterling, the euro saw some rapid movement against the US dollar following the Federal Reserve meeting on Wednesday.
Although progress seems to be being made on the Greek debt there are always warning signs around the corner as the European Parliament President Martin Schulz warned that Greece’s financial situation was ‘dangerous’, with debt payments looming and still no deal agreed; only extended. There is European Central Bank (ECB) net investment flow data out at 10am today; otherwise, this day posts to be another quiet day in terms of euro data releases. Any movements in euro markets are more likely to be a result of events elsewhere.

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 February 28th, 2014 by Charles Purdy

The euro under pressure after inflation data – more released today

The euro experienced some weakening against the US dollar and sterling this week, although both rates have remained within a relatively narrow range. The euro’s slightly poorer performance was initiated by unimpressive inflation figures released at the beginning of the week. The European Central Bank (ECB) has come under a degree of pressure to combat low inflation and indeed the threat of deflation; this may result in further interest rate reductions when the ECB meets next week – a move that would cause the single currency to weaken sharply.

This pressure was further justified by the European Commission Economic Forecasts, which put Eurozone inflation based on consumer prices at 1% for 2014 – a significant reduction from November’s estimate of 1.5%, and dangerously below the European Central Bank (ECB)’s 2% target.

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