The euro has rebounded slightly against the dollar after weakening earlier this week due to US inflation figures.
Industrial production figures were released for the Eurozone yesterday, showing that production fell by 1% in May, the first drop in 3 months and worse than market forecasts of a 0.2% decline.
In a speech yesterday, ECB official, Isabel Schnabel, said that the central bank will wait for higher core inflation before tightening monetary policy.
Inflation rate figures will be released for the Eurozone tomorrow.
