The EUR managed to gain in the early sessions on Monday and held on to the stronger part of its range. There was little data from Europe yesterday, but today the German ZEW Economic Sentiment report will be released and while the ECB and many politicians have been talking up the health of Germany it will be interesting to see what the outcome is. Also Industrial Production numbers for Europe will be brought forth. Talk of a possible dip recession within Europe has been dismissed widely by officials, but as pointed out yesterday investors should look at numbers and pay less attention to public pronouncements. Tomorrow CPI data will come from Europe, but it is today’s ZEW report from Germany that will be coupled with a dollar centric sentiment that will either stir or kill risk appetite.
Written by bforex.com
