The main currency pair is growing on Friday afternoon, but by the end of the day a sideways movement can not be excluded: reserves of optimism among investors are ending.
This week the euro/dollar substantially rose from 1.0793 to 1.0961 to the current moment. Vital statistics was not yet published today, the background is quiet. In view of this the capital markets are allowing the Eurocurrency to grow a bit.
Yesterday a weekly report on the number of claims for unemployment benefits in the United States was released. The release showed that the number of Americans, who applied for benefits for the first time, increased by 13 thousand and amounted to 282 thousand against the forecast of 269 thousand. However, the figure remains abroad 300 thousand for a long time, and the Federal Reserve really likes this.
Import prices in the US for November slipped by 0.4% m/m against the drawdown of 0.7% m/m the month before. The yearly rate is estimated at -9.4%. The indicator is weakening for sixteen months without a break and pause.
Today, the United States will present data on retail sales for November, where a slight improvement is expected compared with the October figures. The University of Michigan will release statistics on the consumer confidence index for December, which also assumes a slight increase compared to previous reports.
In general, the reasons for the growth of the euro currency have been exhausted. Ahead is a meeting of the US Federal Reserve, its outcome is almost a foregone conclusion, and the stronger the gap between the ECB and the Fed monetary politicians, the stronger the US dollar with appreciate. But this will happen a little later.
RoboForex Analytical Department
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