The EUR saw mixed results against the major currencies during last week's session. The EUR mainly saw volatile activity against the dollar, yet it sharply dropped against the Pound, and significantly rose against the Yen.
It seems that the EUR's instability came as a result of some disturbing figures published from the leading economies in the Euro-Zone. The German Factory Order index showed that the total value of new purchase orders in Germany in April has remained in the same low level as in March. Moreover, French Industrial Production report reflected a drop of 1.4% during April, as opposed to March. The Industrial Production in the entire Euro-Zone has dropped as well, and by 1.9%, making it the 8th consecutive drop in the Euro-Zone industrial production.
As for the week ahead, a few intriguing economic indicators will be published from the Euro-Zone, especially from the German economy. On Tuesday, the German ZEW Economic Sentiment will be delivered. This is a survey of about 350 German investors and analysts which asks respondents to rate the next six months economic outlook for Germany. Also this week, the German Producer Price Index is scheduled for Friday. Investors are paying a great deal of attention to this indicator because it considered being one of the leading inflation gauges. Therefore, the leading currencies and especially the EUR are likely to be affected by its results.