Growing COVID-19 cases across Europe have started to weigh on the euro. Countries are trying to avoid national lockdowns but more restrictions have been put into place this week, including France placing a night time curfew in cities and restaurants closing in Barcelona. There have also been reports that Germany is struggling with contact tracing.

Balance of Trade data for August and inflation rate figures for September will be released for the Euro Area today. The Eurozone consumer prices are expected to fall 0.3% from a year earlier in September 2020.

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