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Eurozone data slows
02 April 2014

As we start the new month, the markets open for a quiet start to trading with minimal volatility going on. Most of the major currencies have had fairly low ranges with the Pound tumbling back against the Euro. Still gains we're made against the US Dollar later on in the day. 

Interestingly, we saw German unemployment figures come out above expected pushing the Euro against a weaker US Dollar due to poor manufacturing data.

Down under the AUD proved it still could pack a punch on the currency markets with the Reserve Bank keeping rate at 2.5% as predicted and maintaining rates for moving money to Australia near the best we have seen in many years.

Tides did change as we had better than expected Eurozone GDP this morning at 10am GMT, along with Producer Inflation for the Euro. Hot of analysts watch list is the potential for the ECB to make a surprise interest rate cut early on tomorrow morning, so today could very much influence that decision across the broad and provide more value for the Euro.

Continuing the trend of Pro-European talk. Leaders have committed to the next instalment of the Greece bailout. The static effect is prone with the EU poised to avoid sovereign debt crises. Greece is expected to exit recession later on this year but unemployment remains high at up to 27%.

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