The euro has maintained strength against most major currencies over the past week, while falling against the US dollar and GBP. This follows the ECB suggesting uncertainty over further interest rate rises, plus concerns over a stronger-than-expected showing for Marine Le Pen’s presidential election campaign in France.
The euro is now at its lowest rate against USD for two years.
There has been precious little data in the eurozone for the currency markets to chew on in the early part of this week. However, tomorrow there are eurozone-wide new car registrations, which fell markedly last month, plus industrial production for February.
On Friday there is a plethora of data, including S&P PMI, as well as a speech by ECB president Christine Lagarde.
