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EUR review: Western Union

  • The euro bled a good portion of its gains from Thursday as bearish sentiment returned to the fore. Weak U.S. spending figures and a market desire to cash in on the greenback's torrid strength helped buy the euro some momentary time above recent 12-year lows. 

  • Sentiment toward the euro darkened appreciably this week after the ECB's implementation of QE stimulus had a dramatic impact on area yields, sending some deeper below zero which has fueled a stampede out of Europe to higher yields abroad in the U.S., buoying the greenback. 

  • The week ahead features influential data on Germany's Ifo survey of investor confidence on Tuesday, and the final print of euro zone inflation, due Wednesday.

  • Market Data
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