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Posted January 9th, 2015 by Charles Purdy

The euro’s freefall continues…..

Deflation has returned to the Eurozone as energy costs fell, increasing the likelihood of a programme of quantitative easing being introduced by the end of the month. Even the European retail sales figures being ahead of forecast were not enough to halt the euro’s freefall against the US dollar. The figures, coming in at 0.6% against a 0.3% prediction, were released yesterday morning, but a strong US dollar saw the euro drop below 1.18 for the first time in nine and a half years. Comments made by the European Central Bank (ECB) President also undermined the euro, with Mario Draghi stating that stimulus measures may include sovereign-bond purchases.

Today, we expect the industrial production figures from Germany and France, but do not expect this to have much of an impact on the euro’s performance.

Call your trader to find out how the euro is faring and what this means for you, now and in the months ahead.

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Posted October 8th, 2014 by Charles Purdy

Euro “survives” poor German data

More worrying data from Germany yesterday weighed on the single currency yesterday, with industrial production figures being released in the morning. The figures have not historically carried much sway on the value of the euro, but coming in a significant 5.6% down on the previous month, and off the back of Monday’s poor German data, they were enough for the euro to have a wholly uninspiring morning session. Despite the euro recovering against its main peers, the British pound and the US dollar, the figures further underscored the risk of an economic slowdown.

It puts further pressure on the European Central Bank to widen economic stimulus measures.

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