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Home / Analytics / Forex analysis & forecasts / Forex Fundamental analysis / The euro is falling
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The euro is falling

10.12.2015
On Thursday afternoon, the EUR/USD pair is moderately reduced by a slurred news background and small trading volumes.

Markets are strongly accustomed to the increased volatility and ongoing chaos in the movements. On a quiet external background and neutral international environment for investors don’t have much to do - the euro/dollar is bored and is gradually receding. The current quote in the main currency pair is 1.0970.

Today statistics were released by the French. The report showed that inflation in the country in November was zero y/y. A preliminary calculation of the index of consumer confidence in December in France showed a decline to -0.2% m/m.

In addition, the volume of industrial production in the country in October was 0.5% m/m against expectations of -0.1% m/m. Yearly the indicator of industrial production rose by 2.3%.

At the December meeting the Swiss National Bank left the benchmark key rate unchanged at 0.75% per annum. The decision coincided with the expectations of investors and economists.

Maybe, in the afternoon the situation will be a bit livelier - a block statistics for the United States will come out. But the market has already given too much energy to the emotional movement, and it will likely prefer not to waste energy until the meeting of the US Federal Reserve next week.
 
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