The EUR/USD pair is trading downwards at the end of a rather volatile week; investors are having a liking for “safe haven” assets.
In late Friday afternoon, the EUR/USD pair is falling. The current quote for the instrument is 1.0875. The intraday volatility is very high and may cause fluctuations in the evening.
There was no significant statistics today. Germany published the final CPI for October. The indicator added 0.2% m/m and 0.8% y/y and completely matched the expectations. Also, the country reported on the WPI for the same month. The indicator rose for the first time in three years and added 0.5% y/y after losing 0.3% in September. The last time the indicator was positive was in summer of 2013. On a month-on-month basis, it increased by 0.4%.
As for the rest, everything is rather calm. Investors’ attention is still focused on the event happening in the American politics. Just as expected, the influence of the elections factor might take a lot of time, which keep the market nervous for a long time. Markets are wondering whether Trump’s policy is really going to be as aggressive as it seemed during his campaign or it might be calm and quiet. So far, there is no answer to this dilemma.
While investors are doubtful about the future outlook, the USD is in demand, both as a “safe haven” asset and the currency of the USA, the country where a new leader is going to implement structural reforms and use his energy and efforts for the country’s domestic economy.
RoboForex Analytical Department
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