It’s been a parlous week for the single currency with big losses against the various dollars and a small loss against sterling.
The big shocker this week has been the ZEW Economic Sentiment Index for both the eurozone as a whole and German specifically. Both were significantly down on expectations, with Germany’s at a five-month low.
Data early next week includes a different reading for eurozone consumer confidence on Monday and a huge amount of PMI on Tuesday, which will indicate future business confidence (or not).
EUR/USD past year
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