The EUR has given back some of its gains made earlier last week and has traded in range for a couple of days now. Without much in the way of economic data from the European Union yesterday the Single Currency was left to trade under the existing sentiment that continues to perplex investors. The Greek government will be going back into the bond market today, concerns remain regarding the debt ratios of E.U. nations, and talk continues to swirl regarding the bank ‘stress test’ which has not had its results published yet. The European Union continues to find many of its officials offering semi-official statements regarding the health of the economy and its prospects, but sometimes these pronouncements collide with different opinions. The German ZEW Economic Sentiment reading is on schedule today and it is expected to have a result of 25.2 which would be below last month’s outcome. The EUR continues to combat sentiment that is being generated via a debt, austerity, and growth dialogue and its trading will likely continue to center around this sphere.
Written by bforex.com
