The EUR lost some ground to the USD on Tuesday, but it did not happen with any great force. There was little in the way of economic data from the E.U. yesterday except for the German PPI which had a result of 0.6%. Today will be quiet again, but tomorrow PMI data will come from via Germany and France and should offer insight regarding the economic health of the continent. Stress Tests rumors continue to swirl around the continent regarding the publication which will be released this Friday. Investors can be expected to take a cynical approach to the results and question the findings taking into consideration that not all of the banks will be part of this dynamic. The approach that the E.U. is taking regarding its examination is certain to come under fire and the tests will certainly be compared to the tests which took place earlier in the United States. The EUR has found stability the past few weeks and finds itself trading at the higher levels of its rather weak range versus the greenback. Traders may find that the rather calm manner in which the Single Currency has been moving may change in the coming days.
Written by bforex.com
