The euro is flat against the dollar this morning, despite weakness from the greenback. Several factors are weighing on the single currency at the moment, including concerns over the pace of the vaccine rollout across Europe and fears of new coronavirus strains, which could prompt further restrictions.
Several European Central Bank officials will speak this week following their latest decision on interest rates last week. As expected, they kept rates on hold. However, President of the ECB, Christine Lagarde, said that the pandemic poses “serious risks” to the European economy.
Consumer confidence figures for Germany will be released this week, as well as inflation rate and unemployment data.
