Middle-East tensions 'bring Euro back to earth'
|Last week was very quiet in terms of news from the Eurozone, and this one will be no different.
The euro initially soared in response to weak inflation in the US and some relatively hawkish comments from a handful of ECB officials, which seem to suggest that the bank is in no hurry to cut interest rates again.
The start of the Israel-Iran conflict did, however, bring the euro back down to earth, and it is hard to see any catalysts that will help the common currency take the next leg up, at least this week.
Data on exports and industrial production is being distorted by the export surge to the US ahead of the tariffs, and the subsequent slump. This means that it will be a few weeks yet before we get a clear picture of their impact on the Eurozone economy.
With no real major data out this week, attention will again be on speeches from a handful of ECB officials in the coming days, including President Lagarde on Thursday.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.