EUR: Euro ends year strongly as gas falls below pre-Ukraine price

The single currency ends the year around 6% down on the US dollar but ahead of most other currencies compared to the start of 2022.

Its losses can be attributed to war breaking out on its eastern border, but it has been saved by hawkish noises coming from the ECB on inflation.

This week EUR has gained on sterling and the US dollar, powered by some positive data, such as Spanish retail sales shooting up by 3.8% against an expectation of a 0.4% fall, and French unemployment claims falling by 65,000 against an expectation of a rise.

Next week sees a mass of data, including PMI on Monday and German employment data on Tuesday.

EUR/USD past year

From To

 
Get a quote or
Thank you call handler
Speak to an expert 020 7898 0541

Find out how we can help you

Let us know a little more about your upcoming currency exchange needs. We aim to take the uncertainty away by providing guidance on which services suit your individual requirements. You can then rest, assured your money is not at the mercy of the currency markets.

Secure and efficient transfers

Secure, quick and efficient transfers. Authorised by the FCA.

Protect against risk

Avoid losing money and protect against currencies moving against you.

Dedicated trader

Dedicated currency trader working with you to get the best value for your money.

Refer a friend or business

Recommend our services to your friends, family or colleagues and earn great rewards.

Make a referral
Share to...
BlueskyBufferCopyFlipboardLinkedInMastodonMessengerMixPinterestPocketPrintRedditSMSTelegramThreadsTumblrWhatsApp