News Column

Euro Mixed Ahead Of German Import Index, GfK Consumer Sentiment

August 26, 2014



BRUSSELS (Alliance News) - German import price figures for July and GfK consumer sentiment for September are due at 2:00 am ET Wednesday. The consumer confidence index for Sepetember is seen at 8.9, down from 9.0 in the previous month.

In the meantime, Destatis is scheduled to issue import price figures. German import prices are forecast to fall 1.4% year-on-year in July, following a 1.2% drop in June.

Ahead of the data, the Euro showed mixed trading against its major rivals. While the euro fell against the Pound, it held steady against the Swiss franc, the US dollar and the yen.

As of 1:55 am ET, the Euro was trading at 0.7952 against the Pound, 1.2082 against the Swiss franc, 136.91 against the Yen and 1.3160 against the US dollar.



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Source: Alliance News


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