The European Central Bank meeting last week caused the euro to have its first weekly gain in a month, after officials brought forward bond purchases. If bond yields continue to rise this week, the euro could be supported against the dollar.
ECB President, Christine Lagarde, and officials will speak again on Thursday this week. Last week she said that the Bank will “continue to monitor exchange rates”.
This week, economic sentiment figures will be released for Germany and the Eurozone, as well as inflation rate data. The final readings of inflation rate for the Eurozone are expected to come in at 0.9% year-on-year and 0.2% month-on-month in February.
