The euro was also a shade softer against the dollar yesterday. Europe’s big complication is the same one it always has in an energy shock: high import exposure, and not a huge growth buffer. Eurostat’s 0.2% quarterly GDP figure for late 2025 is a reminder that the underlying pace is still very gentle. Coming up shortly, the Ifo Business Climate reading and tomorrow the GfK Consumer Confidence reading.
EUR: Mood measures dominate markets
Christopher Nye
on March 25th, 2026 
