The single currency strengthened against the US dollar during the morning session before dropping by nearly a cent during the afternoon session. It also ended the day around 1% weaker against sterling.
Commission Chair Ursula von der Leyen’s first state of the union address included a pledge to lead the zone to a “sustainable and transformational recovery”, via investments in the digital world, heath and green infrastructure.
This morning’s car sales data for the Eurozone showed a decline of 18.9%. Later this morning we have inflation and construction output.
