The euro is in a strong position against the dollar this morning ahead of a busy week for economic data. PMI figures and retail sales data for Germany and the Eurozone as a whole will be released, as well as economic sentiment and unemployment figures.
The European economy continues to be impacted by the effects of the coronavirus pandemic, with Germany considering extending its lockdown measures that were enforced in December. Reports of a strong anti-vaccine contingent in France have also caused concerns about what proportion of the French population will get vaccinated.
