Euro Remains Unsteady Against US Dollar

Forex News

The euro rose by 0.04% today. The euro/dollar is trading at 1.1738 level. The euro exchange rate may remain unstable, as the political uncertainty in Spain continues.

Germany's industrial production increased by 2.6% in August after a decrease of 0.1% in July. Economists had expected the growth of the index by 0.7%. On an annualized basis, industrial production increased by 4.7% in August.

The confidence of investors in the Eurozone increased to a 10-year high in October, the results of a poll of the Sentix analytical center showed on Monday. The Eurozone Sentix Investor Confidence rose unexpectedly to 29.7 in October from 28.2 in September. It was expected, that the indicator will drop to 28.0.