The euro has weakened against the dollar after the greenback was given a boost yesterday.
Data released this morning shows that factory orders for Germany jumped by 4.1% month-on-month in June, beating expectations of a 1.9% growth. This was due to an increase in domestic and overseas demand as COVID-19 restrictions eased.
Retail sales for the Eurozone yesterday came in slightly below expectations at 1.5%, but still showed a second consecutive monthly increase in trade, due to the loosening of COVID-19 restrictions and growing demand.
Today, the European Central Bank will release its latest economic bulletin.
