The euro recovered against the dollar yesterday after starting the day in a weaker position.
GDP and Economic Sentiment figures are due to be released for the Eurozone today. Economic Sentiment for Germany is expected to show an increase, possibly due to positive vaccine developments which should curb the spread of the coronavirus pandemic. The Economic Sentiment Index measures the level of optimism about the expected economic developments over the next 6 months.
At the EU summit this week, member states will discuss the EU’s recovery fund, with Hungary and Poland still threatening to veto it. This could delay access to these urgent funds in January.
