The single currency remained under pressure after ECB President Mario Draghi told the markets in no uncertain terms that the current monetary policy was not going to be altered any time soon. Positive inflation and other economic data had led the markets to speculate that monetary policy may be about to change.
There are some key data releases this week, starting with the German ZEW figures on Tuesday. This is a survey of about 275 German institutional investors, gathering their views on what’s ahead over the coming six months. In addition, the Eurozone will release its industrial production data.
Markets will continue to focus on monetary policy and the upcoming French elections.