It was a choppy start to the week for the euro. Balance of trade figures released yesterday showed that the Eurozone’s trade surplus narrowed to €2.9 billion in April 2020 from €15.5 billion in the same month last year. This was well below market expectations of €15.9 billion as the coronavirus pandemic hit global demand.
European Council President Charles Michel joined Ursuala von der Leyen with the Brexit talks yesterday, along with European Parliament President David-Maria Sassoli. Michel said a “broad and ambitious agreement” was “in our mutual interest”. Sassoli added that “agreements must be kept.”
Economic sentiment figures for the Eurozone and Germany will be released later this morning.
