EUR rate: what to expect in the near future

The majority of the total economic activity of the EU falls on the German economy. Consequently, traders closely monitor the macroeconomic indicators of Germany, which can be judged on the economic climate in the euro area. The European currency gained support amid a recession of recent political instability: Macron won the presidential election in France, which reassured market participants who feared the victory of Le Pen and the probable Frexit. Decisive policy is the key to the strength of the eurozone, but the near future of a single currency will be determined by the economic performance of the EU and its largest member countries. Today, Germany’s fundamental data will come out, which will give the euro a reason to grow or fall depending on the outcome of publications. Continue reading