The euro is strengthening against the dollar, as the dollar continues to weaken against a host of currencies. There have been reports that COVID-19 cases have begun to flatten across Europe after a series of stringent lockdowns in many countries. This has provided hope that the Eurozone can make a steady recovery economically in the coming months.
It’s a light day for economic data today. However, President of the ECB, Christine Lagarde, will speak later. Her recent rhetoric has been one of caution amidst reports of successful vaccine trials and slowing infection rates.
