The euro has started the week on a strong note against the dollar. This is mainly due to dollar weakness.
On Friday, GDP data for the Eurozone showed that the Eurozone economy grew by 12.6% from July to September, recovering from a record slump of 11.8% in the previous period and compared with estimates of a 12.7% growth. Data also revealed that the economy shrunk by 4.4% year-on-year.
This week, inflation rate and consumer confidence figures will be released for the Eurozone. There will also be a series of speeches from ECB officials this week, leading up to their non-monetary policy meeting on Wednesday.
