The euro could retreat after the announcements of the European Central Bank (ECB) next Thursday. The institution will likely indicate after its monetary policy meeting that Pandemic Emergency Purchase Program (PEPP) asset purchases will continue at the current pace. 'euro. Lee Hardman, currency analyst at MUFG believes that the improvement in the growth outlook for the euro zone will probably not be enough to prompt the ECB to announce a slowdown in the pace of bond purchases. He points out that some ECB officials have rejected the prospect of a reduction in quantitative easing measures.

Meanwhile, the euro stabilized on Monday against the dollar after a disappointing US employment report on Friday, with investors hesitating on the outlook for the economy and inflation in the United States. Around 8:55 a.m. GMT (10:55 a.m. in Paris), the euro lost some 0.04% against the dollar, at 1.2162 dollars for one euro.