020 7898 0500The euro strengthened against the dollar yesterday which may or may not be because of Russia and China’s attempts to devalue it (see Trump’s claim below), but the single currency weakened against sterling. There were no economic data releases of note yesterday, but the EU could well impose further sanctions on Syria.
Today’s key release is the German ZEW economic sentiment index for April. Many recent economic data releases from the eurozone have come in below expectations and it will be interesting to see how this has affected economic confidence in Germany. The figure is expected to fall dramatically, from 5.1 in March to -0.8.
We will also see the ZEW economic sentiment index for the eurozone. This is also expected to fall from 13.4 to 7.3. If both readings come in as expected then this will be some cause for consternation and we could see the euro suffer some losses.
