The single currency gained strength against the US dollar and sterling yesterday, as it powers out of lockdown while the US is struck down again.
Industrial production data for May was stronger than expected and the ZEW Economic Sentiment Index was at 59.6 against an expectation of just 51. Inflation for Germany was in line with expectations, and today we have Italian inflation, French tomorrow, along with the ECB interest rate decision.
The Euro may suffer if global stock prices are affected further by US-Chinese tension, which can also increase the attraction of the USD as a safe-haven currency.
