After a bleak start to the weak, the Eurozone saw some positive economic data releases yesterday. German annual inflation accelerated to 2.1% in April, faster than the European Central Bank’s target. Unemployment hit a 10-year low, falling from 7.8% in February to 7.7% in March. Eurozone economic growth was stronger than expected in the first quarter, rebounding strongly from a slump in the second half of 2018.
This caused the euro to strengthen briefly yesterday, however it has dropped again this morning.
