The second coronavirus wave is continuing to sweep across Europe as youngsters in particular drop social distancing in the tourist resorts. In Italy, the government says that nightlife could be stopped at 6pm, while German chancellor Angela Merkel has warned of more lockdowns.
Against USD, the single currency may continue the small correction from two-year highs that started last week with disappointing PMI data from France and the Eurozone.
There is little data this week, but we have German GDP tomorrow, plus two measures of business confidence from Ifo and GfK on Tuesday and Friday respectively. We will also see consumer confidence and unemployment in France on Wednesday.
