The euro is strengthening slightly against the dollar this morning ahead of a key week for Eurozone data.
German consumer confidence data will be released on Wednesday, expected to show a slight improvement from last month’s reading. This will be followed by a series of sentiment figures for the Eurozone on Thursday and GDP data for the Eurozone and Germany on Friday.
Last week, the euro showed little reaction to the European Central Bank’s press conference, which revealed a ‘dovish’ stance towards inflation and interest rates.
