The euro remains under pressure against the dollar this morning.

Sentiment figures for the Eurozone were released yesterday were better than expected overall, but still painted a fairly bleak outlook of the economic situation in Europe at the moment.

GDP figures for Germany will be released today, which are expected to remain unchanged quarter-on-quarter. Year-on-year, Germany’s GDP is expected to decline by 4% in the fourth quarter. Unemployment data for Germany will also be released today.

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