The euro is weaker against the dollar and the pound this morning, due to strength from both the greenback and sterling.
A series of data releases yesterday revealed that Eurozone inflation and retail sales fell in December and November. It was the biggest decline in retail trade since April, as both non-food products and food products dropped.
In its Economic Bulletin yesterday, the European Central Bank that economic data points to economic contraction at the end of 2020. They also said that the start of vaccinations supports expectations for a rapid recovery, but it will “take time” before the economy can return to normal.
