The euro is well supported against the dollar ahead of the Federal Reserve’s press conference later today.

Eurozone balance of trade figures were released yesterday, showing that the trade surplus widened to €10.9 billion in April 2021, from €2.3 billion in the same month last year, amid a sharp recovery in global demand. Both imports and exports increased.

Today is a light day for economic data releases, but tomorrow we’ll see inflation figures for the Eurozone.

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