This week’s data releases are likely paint a deteriorating picture of the US economic recovery, highlighting the diverging outlook between the US and Europe.
Last week, the euro rallied to its strongest level against the dollar in almost three months as concerns emerged about the strength of the US economy and investors appeared reassured by the results of the European bank stress tests.
That trend appears likely to be confirmed this week, with the release of the US employment report on Friday, the most closely watched data release in global markets, expected to show an increase the US unemployment rate.
For more: FT.com / Markets - Economic Outlook: Data to show EU and US divergence
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