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The latest economic statistics of the eurozone was surprisingly weak, indicating a slowdown in the growth of Gross Domestic Product in the first quarter of 2018.
The consumer confidence index of the European Commission for April, the publication of which is scheduled for Friday April 20, 2018, will give the first idea of whether this weakness will persist in the second quarter.
As economists expect, in March the index will drop to -0.3 from +0.1. Thus, the level of confidence will remain at a fairly high historical level, but at the same time may indicate that the peak of the recovery of the Eurozone economy has already passed and remains far behind. From this it follows that against the background of the euro the US dollar will be strengthened.