It was a decidedly mixed day for the single currency, with close to a 1% drop against the US dollar but a 0.3% rise against sterling.
This morning’s inflation data came in as predicted in the ‘flash’ report, at 4.9% in France and 3.5% in Spain. In the former that indicates inflation is neither rising nor falling, while in the latter it appears to be rising.
Christine Lagarde will be speaking today and again on Saturday afternoon.
There’s more inflation data on Monday and Wednesday, including the eurozone-wide result, but the big event will be the ZEW Economic Sentiment Index for Germany on Tuesday.
EUR/USD past year
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