The single currency has held onto most of the strong gains it made last week of between 0.50% and 3.50% against its major rivals, while being pegged back a little yesterday against all but the US dollar and Japanese yen.
It’s not a very busy day for data, but there will be ZEW Economic Sentiment for the eurozone and Germany, which could be even worse than April’s -41 reading, its lowest since March 2020.
The main events of the week may be tomorrow, when several members of the European Central Bank will be talking about interest rates, including Christine Lagarde, ECB President.
