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. 

Hubpay Limited is incorporated (registration number 000004051) under the laws of the Abu Dhabi Global Market (ADGM). We are licensed and regulated by the Financial Services Regulatory Authority (FSRA) for Providing Money Services under Financial Services Permission number 190024. Address: 15-116, WeWork, Al Khatem Tower, ADGM Square, Al Maryah Island, Abu Dhabi, 46617, AE

Hubpay Limited is incorporated (registration number 000004051) under the laws of the Abu Dhabi Global Market (ADGM). We are licensed and regulated by the Financial Services Regulatory Authority (FSRA) for Providing Money Services under Financial Services Permission number 190024. Address: 15-116, WeWork, Al Khatem Tower, ADGM Square, Al Maryah Island, Abu Dhabi, 46617, AE

Hubpay Limited is incorporated (registration number 000004051) under the laws of the Abu Dhabi Global Market (ADGM). We are licensed and regulated by the Financial Services Regulatory Authority (FSRA) for Providing Money Services under Financial Services Permission number 190024. Address: 15-116, WeWork, Al Khatem Tower, ADGM Square, Al Maryah Island, Abu Dhabi, 46617, AE