The euro hit a two-month low against the dollar yesterday as Europe’s slow vaccine progress continues to weigh. This has increased worries that lockdowns all over Europe will need to be extended and increased expectations that there will be a decline in economic growth this quarter.
PMI figures for the Eurozone came in slightly better than expected yesterday. Despite this, figures showed that both the services and manufacturing industries remain in contraction territory.
Retail sales figures are due for the Eurozone later this morning.
