The single currency fell mildly against both sterling and US dollar yesterday.However, those losses add to severe losses over the past week that have seen the euro between 0.3 and 1.5% weaker against all other leading currencies in the G10 (and almost all of those in the next 10 too).
This morning’s final PMI data from across the eurozone is arriving in line with expectations so far this morning.
This afternoon we will hear from European Central Bank president Christine Lagarde. The ECB’s dovish stance on interest rate rises (none until 2023) has partly been responsible for the weakening of the euro. Will she make any hint towards tapering economic support to the eurozone economy?
