Business Sentiment and ECB President Lagarde Put the EUR in Focus

It’s a relatively busy day ahead on the economic calendar. January IFO Business Climate figures for Germany are due out later this afternoon. Following ECB President Lagarde’s cautious outlook on the economic recovery and some disappointing PMI numbers, we can expect sensitivity to today’s stats. On the monetary policy front, ECB President Lagarde could also move the dial with a scheduled speech later today. Away from the economic calendar, however, COVID-19 news will remain a key driver. Vaccination supply, low vaccination rates, and rising new COVID-19 case remain downside risks for the economy. At the time … (full story)

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