Euro gains from Japanese woes


The euro gained ground last week on the back of economic problems in Japan, writes Matthew Clements, economist at Prebon Yamane in London

The European Central Bank effective exchange rate index reached its highest level for almost a month last week -- despite the ECB governing council’s failure to cut interest rates at its bi-monthly meeting. However, euribor futures contracts still imply a further 25 basis points rate cut by year end. The relentless flow of weaker economic data coming from the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services -, or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: