The euro is currently quite volatile against the dollar.
The single currency saw a boost from comments made by European Central Bank Vice-President Luis de Guindos yesterday suggesting that the bank may upgrade its economic forecasts.
However, there were also several disappointing data releases for Germany yesterday which stunted the euro’s strength. Both German consumer and business confidence figures fell short of estimates, raising some concerns over the country’s economic recovery.
At lunchtime there will be a European Central Bank meeting. Markets will be watching closely for any mention of changes to its monetary policy.
