The EUR/USD pair stopped falling and is trying to slightly recover, while the flow of news from the United States is meager and uninteresting.
On Wednesday afternoon, the main currency pair is trading with a slight increase. The increase is observed for the first time in four trading days. The current quote in the instrument is 1.0663 (+0.3%). The macroeconomic calendar today is not overfilled with statistics, but the evening will bring more reports on the construction of new buildings in the United States and the weekly release from the Ministry of Energy on oil and oil products.
Today, the euro zone has published data on the volume of construction in September. Observations by Eurostat showed that the indicator fell by 0.4% m/m against the growth by 0.5% m/m in August. The data is seasonally adjusted. Y/y indices of construction in September rose by 1.8%.
Within the European Union, which includes 28 countries, construction output in September increased by 0.6% y/y. The most notable activity in the sector was observed in Hungary and Slovakia.
For now, the balance of power in the euro/dollar is particularly unchanged. "Bears" have not left the front of the stage, they just took a break. The Perfect Storm in the currency market is still ahead, and that should not be forgotten.
RoboForex Analytical Department
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