The euro briefly rose against the dollar on Friday as the European Council Summit got underway. Leaders of EU member states met virtually Friday to find a compromise on how a coronavirus rescue package should be managed.
The single currency didn’t retain its strength as member states failed to strike a deal or make any significant progress. European Council President Charles Michel said negotiations would continue in the near future.
This week, PMI data for Germany and the Eurozone will be released, which will give an update on the state of their economies.
