Euro Inches Up Against Dollar with Boost from Strong Retail Sales and ECB Optimism

Euro Inches Up Against Dollar with Boost from Strong Retail Sales and ECB Optimism

The Euro appreciated very slightly last week against the Dollar to end the week trading at 1.077. A strong retail sales print and hawkish speeches by ECB members helped support the common currency in a data-light week. In the week ahead we will see key growth, inflation and labour market data releases, which will likely cause more volatility

Published on 15 May 2024

The Euro appreciated very slightly last week against the Dollar to end the week trading at 1.077.  A strong retail sales print and hawkish speeches by ECB members helped support the common currency in a data-light week. In the week ahead we will see key growth, inflation and labour market data releases, which will likely cause more volatility. 

Open a free multi currency account with Hubpay

We help companies all around the globe to send money in the easiest and cheapest way using multiple currencies. Talk to Hubpay Corporate FX team today

Share this blog on

What you'll find on this blog

What you'll find on this blog

Title

Title

Hubpay enables seamless Corporate FX payments all around the globe

Get your free multi currency account

Multi-currency global account made for UAE Businesses. Get a free consultation for your business.