EUR: Busy week of data from the Eurozone

Today sees German import and export data released plus trade balance figures from the country. European investor confidence will also be released. Tuesday sees German ZEW data, which will provide information on the current economic conditions for Germany and the Eurozone, as well as on German Economic sentiment. On Wednesday we see Portugal and Spain release Consumer Price Index (CPI) figures, with the Eurozone also releasing Industrial Production figures. Thursday sees a drop in activity, with only German CPI figures being released. To finish the week, Friday sees Spain, Italy and Finland release CPI data, as well as trade balance figures from the Eurozone as a whole.

So a busy week for Eurozone data which may or may not support the rumours that the European Central Bank is going to reduce its support programme. If they do support a reduction then the euro will benefit.