The single currency has started Tuesday on the front foot again, following a wobble yesterday.
After a strong week against USD and sterling last week, on the back of the ECB bringing forward bond purchases, the euro failed to make any headway yesterday against the dollar and very little against sterling either.
The eurozone is experiencing a new stumble in its vaccine rollout, with many countries now suspending use of the Oxford-AstraZeneca vaccine (against the advice of WHO), even as a fresh Covid wave causes a new lockdown in Italy.
Later this morning we have the ZEW Economic Sentiment Index for both Germany and the Eurozone as a whole. Indeed, it’s a busy week for data, with a raft of EU-wide industrial and inflation data tomorrow and Thursday, as well as a speech by ECB President Christine Lagarde.
