Eurozone Politics

The Euro rose sharply Thursday after current account data for October provided the single currency further tailwind of support, which comes on top of relief over a detente between the Italian government and European Commission.

The Euro has traded relatively steadily in the face of some significant setbacks of late, and this could be a bullish sign for the currency longer-term as it suggests a good dose of bad news is reflected in current valuations.

The Euro has entered the new week on its back foot after the outcome of another regional election in Germany saw the single currency's political headache turn into a migraine on Monday.