The euro continues to be weaker against the dollar, mainly due to ongoing strength from the greenback. However, it is still stronger against the pound.
German inflation rate figures will be released later today, expected to show an increase month-on-month and year-on-year. This will be followed by inflation data for the whole Eurozone tomorrow.
Economic sentiment figures for the Eurozone came in better-than-expected yesterday, showing that Euro area residents’ confidence in the economy edged higher unexpectedly last month.
