Political Risks and Macro Data Send Euro Lower; Gold Pressures Support at 1620

FXstreet Monday 23rd April, 2012

The Euro was broadly lower to start the week as political risks and weakness in macro data weighed on the currency. Flash PMI data dropped to 46 (against expectations of 48), which places the report firmly in contractionary territory and is not showing the lowest levels since the middle of 2009. The presidential election in France was also one of the main themes, with the Socialist Party candidate winning the first phase of the voting process. Th...

Read more

Share this article:
Back to Irish Sun

Comments

  • No comments yet for this story

    • Have your say

    • By submitting your comment you agree to our terms and conditions

    Featured Story

    Irish public support attack on U.S. president and family

    Irish public support attack on U.S. president and family

    Many people have rallied in support of controversial Independent TD Clare Daly after her extraordinary attack on the visiting U.S. president Barack Obama and his family.

    Daly didn't miss any punches ...

    News Survey

    Should tax havens be forced to lift their shroud of secrecy?

    View results

    On Facebook

    On the record

    Our nuclear programmes are completely transparent. But we are ready to show greater transparency and make clear for the whole world that the steps of the Islamic Republic of Iran are completely within international frameworks. The sanctions are unfair, the Iranian people are suffering, and our (nuclear) activities are legal. These sanctions are illegal and only benefit Israel.

    Hassan Rouhani

    Iran's president-elect was speaking after his historic election victory.