The euro weakened against the euro and the dollar at the end of last week and is still weak this morning.
This follows comments from European Central Bank official Philip Lane, who suggested that recent ‘hawkish’ comments from the Bank were perhaps not entirely accurate. He pushed back on expectations for a number of interest rate hikes and appeared to stick with the view that higher inflation is ‘transitory’.
Economic sentiment figures for Germany will be released tomorrow and there will be several speeches from ECB officials throughout the week, including President Christine Lagarde later today. GDP data for the eurozone will also be released tomorrow.
