European Countries with the Strongest Economies
This is Germany, Austria, France, Belgium, Denmark, Sweden, and Finland. Until 2020, the EU included the UK, which is one of the strong economies of the world.
We recommend paying close attention to the macroeconomic indicators of the UK, Germany, France, and the EU as a whole, which are published in the economic calendar. They allow you to assess the overall state of the European economy, which will affect the Euro’s exchange rate.
What Indicators Should I Pay Attention To?
For the unemployment rate in the UK, Germany, France and the EU, the higher unemployment rate, the lower the Euro’s exchange rate.
The consumer price index (CPI) in the EU is an indicator that characterizes the level of inflation. The higher the index, the higher the Euro’s exchange rate and vice versa.
The GDP of EU countries is the value of the entire economy. The higher the GDP growth rate, the higher the Euro’s exchange rate will be.
For decisions by the European Central Bank on raising/lowering the key rate, an increase in the key rate will mean growth in the Euro. In contrast, lowering the key rate negatively impacts the Euro’s exchange rate.