The euro has recovered slightly since the beginning of the week helped by better-than-expected data.
PMI figures for the eurozone came in above expectations across the board, showing that the services and manufacturing industries performed better than predicted. The pace of job creation was strong in the service sector and new business rose. Despite this, future expectations deteriorated due to COVID-19 worries.
Later today, data revealing business conditions in Germany will be released, followed by two speeches from European Central Bank officials.
