The Euros turn to unveil inflation performance

The Eurozone will be under the greatest scrutiny this week, with a look into various aspects of performance being released for the world to see almost daily this week.

Today may be the most important. Unemployment and inflation figures for the entire Eurozone will be released together and are set to cause quite a stir.

Either of these alone can cause serious movements on buying Euro rates. Last month the Euro strengthened heavily off the back of improved employment, conversely the single currency suffered similar losses from a deterioration into negative inflation, which they have been trying in vain to stave off for a while.

With them both being released at the same time, the crystal ball question is which will win out on Euro buying rates, Euro weakness or strength? The answer may not need to be found out. The summer months and the increased spending habits these naturally bring, alongside the recent strikes in France may have been enough to push prices back up to healthier levels. Should we see this expected improvement the Euro could strengthen quite considerably, so to avoid risk anyone with a short-term Euro buying requirement may consider moving first thing this morning.


Read more articles
Exchange rates on this page are interbank rates and indicate where the market is trading to show the performance of a currency pair. They are not indicative of the rates which we offer. The information on this web site is provided free of charge for information purposes only. It does not constitute advice to any person on any matter. Foreign Currency Direct plc. ("FCD") makes every reasonable effort to ensure that this information is accurate and complete but assumes no responsibility for and gives no warranty with regard to the same.