020 7898 0500The euro lost a little bit of ground against the dollar yesterday, despite there being no major economic data releases from across the eurozone. Indeed, it has been a very quiet start to the week for the eurozone and today is not that much different. Having said that, the euro has been experiencing some volatility of late, not least because of the ECB’s announcement that it would be keeping interest rates on hold until at least the middle of next year, so a little lull in proceedings isn’t all that bad.
It will pick up from tomorrow though, when we have a series of releases for June. We will see business and consumer confidence, as well as services, economic and industrial sentiment In Germany, we will have Gfk consumer confidence, as well as the preliminary inflation rate for June.
Then, on Friday, we will see the eurozone’s inflation rate. So, what has started off quietly becomes a much busier week towards the end.
