The euro is weaker against the dollar this morning ahead of the European Central Bank’s latest decision on monetary policy, which will be announced on Thursday.
The European Central Bank is expected to leave monetary policy unchanged this week. Any ‘dovish’ comments from President Christine Lagarde that suggest the ECB will be slow to tighten monetary policy could weaken the euro.
Last week, Lagarde announced that there would be new guidance on monetary stimulus and that new measures could be brought in next year to support the European economy. The markets will expect to hear more about this on Thursday.
To finish the week, a series of PMI figures for the Eurozone will be released on Friday.
