It was an up-and-down day for the euro against the US dollar yesterday, but all within fairly tight margins, and that has continued in early trading today.
Yesterday, industrial production figures for the Eurozone were worse than expected, down 1.6% for the month of December and 0.8% on the year.
It’s a busy morning for data. Unemployment in France came in at 8% at 7am, slightly better than expectations, and later this morning we have employment and GDP for the eurozone as well as the ZEW economic sentiment index, both for the entire bloc and for its biggest economy, Germany.
