The euro weakened to a two-decade low against the dollar yesterday and is still trading around the same levels this morning.

This is due to a surge in natural gas prices, worries about gas supplies, poor economic data and general concern over the health of the European economy.

A series of construction PMI data released this morning revealed that the German, French and Eurozone construction sectors are all in contraction territory, meaning that output is shrinking, and the industry is struggling.

Retail sales for both France and the eurozone will be released this morning.

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