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EUR: euro remains on the back foot

By Michael Cooper April 3rd, 2017

The euro had a tough week last week, particularly because of reports that the positive tone by the European Central Bank, suggesting that interest rates may soon go up in the Eurozone, were ‘over-interpreted’. Weak German inflation data didn’t help matters.

Looking to the week ahead, we have Eurozone unemployment, retail sales for February and final purchasing managers’ index data for March scheduled for release. We’ll also hear from ECB President Mario Draghi, which may move the euro.