The euro is under pressure against the dollar this morning but is stronger against the pound.
It’s a busy day for data releases in the Eurozone, with economic sentiment and consumer confidence figures due to be released this morning. This will be followed by inflation rate figures for Germany. This data will paint a picture of how Europe’s economy has fared throughout January.
The European Central Bank’s Governing Council Member, Klaus Knot, said yesterday that the ECB have the necessary tools to curb the euro’s strength. The euro gained almost 9% against the dollar last year.
