The euro rose against the dollar throughout the course of last week, given a final boost on Friday following the US’ Non-Farm Payrolls report, but has weakened this morning as the dollar rebounds.
On Thursday this week, the European Central Bank will hold its latest monetary policy meeting. After a high inflation reading of 3% last week, there could be discussion over when the Bank should start to taper its quantitative easing programme. Several officials commented last week that this was likely to be on the agenda.
Tomorrow, economic sentiment and GDP figures are due to give an indication of how the European economy is performing.
