Last week, the EUR rose by 0.45% to $1.137. At the start of the week, Italian and Spanish manufacturing PMIs and finalized PMIs for France, Germany, and the Eurozone will be in focus. Barring revisions to prelims, expect Italy and the Eurozone’s PMIs to be key.
On Tuesday, German retail sales and unemployment figures are due out ahead of services PMIs on Wednesday. Through the remainder of the week, the focus returns to the German economy. German factory orders, prelim inflation, industrial production, and trade data are due out.
Expect plenty of interest in the factory orders and industrial production figures.
Through the week, member state and Eurozone inflation figures for December are also due out. With inflation still a hot topic, expect the numbers to influence. At the end of the week, however, the NFP US payrolls will be key stat of the week. Expect any marked increase in hiring to drive the Dollar.
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