The euro remains strong against the dollar. However, the single currency’s strength against the dollar could be threatened by rising U.S bond yields and concerns over higher inflation rates there.
Minutes from the European Central Bank’s last meeting have been released. Members agreed that sufficient stimulus from the central bank was still crucial.
Last month, manufacturing activity increased in France; the steepest expansion in the sector in three years. Services in the country saw a decline in activity. Germany’s economy performed better than France, with overall output increasing due to a recovery of the manufacturing sector. Next week, data will be released regarding inflation rates for the eurozone as a whole.
