It was a fairly low-profile week for the euro. There were no really important economic statistics for the euro zone as a whole and European Central Bank leaders were uncharacteristically quiet on monetary policy matters. German inflation came in at 0.0% for the year to September and the ZEW survey of investors there found them at their least optimistic in a year. The euro was driven more by the goings-on in America and Britain: The pound suffered after disappointing UK trade figures and an unexpectedly negative -0.1% print for inflation but recovered as a result of the lowest unemployment rate in more than seven years. The dollar suffered when softer US economic data lessened the chance of an imminent interest rate increase.

The euro strengthened by a quarter of a cent against sterling. It did four times as well against the dollar, adding a full US cent.