The single currency has been treading water against the US dollar since the start of the year, while the last week saw modest gains against most major currencies. We will shortly hear how the bloc’s largest economy performed last year – with the German economy anticipated to be around 0.3% smaller than at the start of 2023.

Through the week, final results for eurozone country inflation will be coming in, but the big event of tomorrow will be the ZEW Economic Sentiment Index for the eurozone and Germany in particular. Are better things expected for 2024?

EUR/USD past year

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