Euro found a last-minute boost at the end of last week and has continued upwards with a boost yesterday morning from unexpectedly positive German business climate figures. According to the Ifo release, expectations have continued to rise, despite being expected to post a small drop.
However, the euro is slightly weaker this morning as German GDP missed expectations year-on-year. Quarter-on-quarter figure came in as expected.
The ECB is continuing its policy review, kicking off a public roadshow to collect feedback from citizens of eurozone countries, branded as ‘ECB Listens’ and modelled on a Federal Reserve initiative from 2019. Christine Lagarde said she ‘wants[s] to listen to the views, expectations and concerns of the public with an open mind.’
