The euro is weaker against the dollar this morning, after falling towards the end of last week.

Data released on Friday revealed that eurozone inflation surged to a record high in June, supporting expectations that the European Central Bank will hike interest rates this month.

A series of PMI data is expected for the eurozone this week, which will provide an indication of how the Bloc performed in June.

There will also be a series of speeches from European Central Bank officials, including President Christine Lagarde on Friday. The markets will be listening for any further confirmation of upcoming interest rate hikes.

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