It’s been a mixed period for the single currency, with losses of over 1% against the pound and US dollar but large gains against most other major currencies, most notably the Australian and New Zealand dollars and Scandinavian currencies.
It’s been a relatively quiet week for data, with an improvement in both German and eurozone economic sentiment the most positive news.
We will shortly hear the final reading for the eurozone’s inflation data, which is expected to have fallen marginally to 5.3% front 5.5%, but with core inflation remaining stubbornly stable at 5.5%.
Then there’s not a great deal to get excited about until PMI on Wednesday.
EUR/USD past year
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