After hitting a 3-week high against the dollar at the end of last week, the euro is slightly weaker this morning, but has held onto its gains against the pound.
President of the European Central Bank, Christine Lagarde, will speak today before the European Parliament Economic and Monetary Affairs Committee. Anymore ‘hawkish’ remarks following last minutes monetary policy meeting could be beneficial for the euro, especially if there is suggestion that the ECB should change its approach to monetary policy.
It’s a fairly light week for economic data in the eurozone, but German inflation figures will be released on Friday and several European Central Bank officials will speak during the week.
