The euro has had a strong start to the week due to reports that the Eurozone economy is recovery. After positive factory data yesterday morning, Eurozone retail sales rose 17.8% month-on-month in May, above expectation of 15%.
This morning, German industrial production data showed a 7.8% increase month-on-month in May of 2020, following a record 17.5% drop in April as the country started to ease lockdown restrictions. However, figures came well below market expectations of a 10% surge. The euro has weakened slightly as a result.
