The euro is still weak against the dollar after suffering last week. This is due to a lack of economic drivers for the euro.
PMI figures were released this morning for Germany and the Eurozone. Figures for Germany came in slightly below expectations, showing that the services and manufacturing industries didn’t fare as well as expected in June. The Eurozone as a whole fared better, with data beating expectations.
Later this week, we have retail sales figures for the Eurozone, economic sentiment figures for Germany and a speech from ECB President Christine Lagarde at the end of the week.
