After a choppy week, the euro finished Friday down against the pound and the dollar. Consumer Confidence for the euro area decreased by 0.9 points to -8.1 in December of 2019 from -7.2 in the previous month, missing market expectations of -7.0.
This week is light on data, but we will see unemployment claims for France on Thursday. The ECB’s economic bulletin will also be released on Friday.
German import prices came in this morning, showing a decline of 2.1% year-on-year in November 2019, compared with market expectations of a 2.3% drop and after a 3.5% fall in the previous month. Month on month, they rose by 0.5%.
