The euro is stronger against the dollar this morning due to recent comments from several European Central Bank officials.
After President of the ECB, Christine Lagarde, confirmed last week that an interest rate hike will take place in July, the euro has strengthened. Several further hawkish comments from other officials have also supported the single currency.
President Lagarde is due to speak again this week along with other officials and the markets will be listening closely for comments surrounding interest rates and monetary policy.
Inflation rate figures are expected for both Germany and the eurozone this week, as well as economic sentiment and consumer confidence data due later today.
