Germany’s economic expectations softened in February as the ZEW Indicator of Economic Sentiment eased to 58.3, down from January’s more than four-year high of 59.6.

ECB signaled comfort with recent euro strength, with Lagarde describing inflation conditions as stable and balanced.

This week, the focus is on the shifting global financial dynamics, led by reports that Russia may pragmatically re-engage with dollar-based systems, despite its prior efforts to de-dollarize, underscoring the dollar’s continued dominance in energy trade and global liquidity.