At the time of writing the pair are currently trading at around 0.8621.
Euro (EUR) Supported by Eurozone Economic Optimism
The Euro was supported this morning from fresh data coming out of both Germany and the Eurozone.
The GfK Consumer Climate Indicator in Germany increased to -12.9 for March of 2021, beating consensus of -14.3.
Rolf Bürkl, consumer expert at GfK commented on the data, saying:
‘Consumers are recovering to some extent from the shock they suffered after the tough lockdown in mid-December. The recent dip in infection rates and the launch of the vaccination program are fuelling hopes of a speedy easing of measures.’