020 7898 0500Last week, the euro continued to put the US dollar under pressure, following continued noise surrounding the Trump administration.
The Eurogroup meetings are happening today in Brussels. The Eurogroup President and Finance Ministers from euro area member states will be discussing policy as well as economic and monetary affairs. If there is any surprising news revealed the currency is likely to respond accordingly.
Looking ahead to the rest of the week, the German IFO survey hits the wires on Tuesday. This is a leading indicator of economic health as it surveys about 7,000 businesses and asks them for their six-month expectations.
On Wednesday, we have some key data releases in the form of the purchasing managers’ index for both the service and manufacturing sectors. More importantly, ECB President Mario Draghi is due to speak at the First Conference on Financial Stability. The market will look for clues in his speech that gives an indication as to future monetary policy.
