The euro has strengthened against the dollar, partly because of a weaker dollar and also due to signs that Europe’s vaccine programme is accelerating.
France, Germany and Italy have reported a significant increase in vaccinations over the past week. It’s hoped that this will fuel a faster economic recovery. Over the past week, the number of people receiving their first dose in Germany jumped by more than a quarter.
Industrial production figures are due to be released for the Eurozone this morning, expected to show a small decline month-on-month in February after growing by 0.8% in January. Yesterday, economic sentiment figures for Germany came in below forecasts, due to fears of a stricter lockdown.
President of the European Central Bank, Christine Lagarde, will speak later today.
