The single currency strengthened across the board yesterday, although only marginally, by less than 0.2%. Over the week, it has recorded a small loss against the US dollar (down around 0.6%) but is 0.3% stronger against the pound.
The news of Germany’s recession was shrugged off by the markets, along with a dip in French business optimism.
Later this morning we will hear Italian consumer and business confidence, and on Tuesday next week there will be a mass of European data for the markets to chew on, including Spanish inflation.
EUR/USD past year
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