The single currency fell below parity against the US dollar as fears for the European economy this winter grew, and it has remained there this morning.
The euro also fell against sterling, and that has continued this morning. That may change as German manufacturing PMI has just been announced at 49.8, considerably better than market expectations of 47.8. However, anything below 50 indicates net negative attitudes/pessimism.
Later today there will be a eurozone-wide consumer confidence reading, which is predicted to be a new all-time low of -28.6. In a similar vein, Thursday will be Ifo Business Climate.
