The euro is still fairly weak against the dollar and the pound as Europe struggles with the ‘third wave’ of COVID-19 cases.
Retail sales data for Germany was released this morning. Retail sales increased 1.2% month-on-month in February, rebounding after 2 consecutive months of declines but below market forecasts of 2%. They decreased 9% year-on-year as Germany was under lockdown restrictions and retail was partially closed.
Today, manufacturing data for the Eurozone will be released, which is expected to jump to a record high in March.
