March’s jump in the EC’s Economic Sentiment Indicator (ESI) for the euro-zone took it to above its long-run average. But it was still below its pre-pandemic level and with virus restrictions now in place for longer, a sustained rise in the coming months seems unlikely.
Note: We’ll be discussing the outlook for the Swiss franc in a recovering global economy during a special Drop In session on Tuesday at 10:00 ET/15:00 BST. Register for the 20 minute session here.
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