Call Free Phone Now:0808 163 0102
Outside the UK: +(44) 207 898 0541 Request a Call Back
 
  Daily Currency News Euro US Dollar Educational Articles  
 
Posted April 14th, 2014 by Charles Purdy

Euro knocked by concerns over the Ukraine

The euro enjoyed a reasonable week last week gaining a little bit of ground against sterling and the US dollar. However we have seen a fall this morning over concerns in the Ukraine.

Today we have the release of industrial production data for the Eurozone, where the consensus currently expects a small positive figure of +0.2 which at least compares favourably to the surprise negative figure from January of -0.1. This week we are also expecting inflation data out on Wednesday, which is a key data set which is taken into account when the European Central Bank (ECB) forms its monetary policy. An unimpressive number could potentially increase pressure on the ECB to loosen its monetary policy, especially given criticism that the ECB is ‘all talk, little action’.  There is no data of note released towards the end of the week.

Looking to buy or sell euros? Contact your trader now for live rates and updates, as well as for currency-buying solutions.

Comments are closed.

Posted March 24th, 2014 by Charles Purdy

Eurozone worries over the Ukraine may impact the euro

The euro finished off the week trading in a tight range against other currencies.. This was mainly due to the lack of significant data releases out of the Eurozone on Friday.

Today we have the release of the flash manufacturing- and services purchasing manager indices for March for the Eurozone as a whole, as well as from France and Germany individually. Any surprises here could also significantly impact the euro especially given the worries of what is happening in the Ukraine. On Tuesday we have the  release of  the German Business Climate Index and at the end of the week similar sentiment data for the whole of the Eurozone.

Posted March 21st, 2014 by Charles Purdy

Eurozone worries about the Ukraine

The euro traded relatively flat during the start of the week, despite some disappointing investor confidence data from Germany and with only minor data releases otherwise. Traders also seemed cautious to act too strongly on any rhetoric regarding the Ukraine crisis and possible sanctions from the west, resulting in minimal impact on currency movements.

Mid-week invited more movement as we saw the budget speech in the UK and a statement from the US Federal Open Market Committee (FOMC). The markets viewed both positively enough to strengthen against euro late on Wednesday, with the euro getting knocked down from its highs against the US dollar.

© Copyright 2010 Smart Currency Exchange. All Rights Reserved.
Site by Iniquus