Home » Currency Note » Currency Note » Currency Note EUR » EUR: Euro mixed after poor data

The euro was strong against the pound and the dollar yesterday, reaching a one week high against the greenback ahead of the signing of the US-China trade deal. However, it is slightly weaker this morning.

Economic data showed that the Eurozone trade surplus widened to EUR 20.72 billion in November 2019 from EUR 18.19 billion in the same month last year, below market expectations of EUR 23.3 billion. Exports dropped 2.9%, whilst imports plunged 4.6%, declining from all trade partners including China, the US and the UK.

Industrial production in the Euro Area fell 1.5% from a year earlier in November 2019, compared with market consensus of a 1.1% decrease. This was the 13th straight month of contraction in the industry sector.

Today ECB President, Christine Lagarde, will make a speech following the publication of the ECB’s Monetary Policy Meeting Accounts.

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.