The euro is still strong against the dollar this morning, partly due to dollar weakness. The markets have also shifted their focus towards the prospect of an economic rebound in Europe later this year, due to signs that the vaccine programmes are improving.
In a speech yesterday, President of the European Central Bank, Christine Lagarde, said that the Bank is still dealing with the pandemic crisis and support will need to continue for some time.
Inflation rate figures came in for Germany this morning, showing that consumer prices increased 1.7% year-on-year in March of 2021, in line with preliminary estimates and following a 1.3% rise in February. It is the highest inflation rate since February of 2020.
