The euro’s strength against the dollar continues to wane as COVID-19 cases continue to rise across Europe. ECB Vice President Luis de Guindos said recent economic data showed that recovery is losing momentum. However, he noted that countries will want to avoid a strict lockdown like we saw in March.
Data released this morning shows that Producer Prices in Germany increased to 103.6 points in September from 103.2 in August 2020. It’s a light week of data for Europe, but we’ll see consumer confidence figures for Germany on Thursday morning.
