Euro steady, German consumer confidence next
May 26, 2021SharePrint
The euro is showing limited movement on Wednesday. In the North American session, EUR/USD is trading at 1.2236, down 0.13% on the day. There are no eurozone events on the calendar, so we can expect the pair to remain calm during the day.
On Thursday, Germany releases GfK Consumer Climate, an important gauge of consumer confidence. The index has failed to post a gain in over a year, and consumers remain pessimistic about economic conditions, even though the economy is expected to rebound in the coming months, as the vaccine rollout continues and some German states reopen the economy. In April, Consumer Climate fell to -8.8, and the forecast for May stands at -5.3.