The euro has weakened slightly but is still trading around a two week high against the dollar as the European Commission offers economic optimism for the eurozone. It anticipates that as the vaccination programme gathers pace and lockdowns are eased, the eurozone and EU economies will recover to pre-Covid levels sooner than projected.
Spanish consumer prices have increased by 0.5% year-on-year, lightly less than was forecast but the first gain since February 2020.
Next week, data will be released for industrial production in the eurozone and unemployment rate in France.
