The euro is stronger against the dollar this morning, with greenback weakness allowing the euro to rise.
The single currency was also helped by European Central Bank Governing Council member, Francois Villeroy de Galhau, who said that the Eurozone could still fall short of reaching its inflation target in 2023, despite rising inflation. He also added that exiting the Pandemic Emergency Purchase Program would not be the end of the ECB’s accommodative monetary policy.
It’s a light day for economic data in Europe, but two ECB officials will speak this morning ahead of Balance of Trade figures tomorrow.
