The EUR/USD pair got stabilized. Overview for 14.04.2017

The main currency will continue trading inactively until the end of the Good Friday trading session.

On Friday, the EUR/USD pair is trading slowly and indistinctly and it’s quite reasonable: almost all “trading floors” of the Catholic world are closed due to the Good Friday. The current quote for the instrument is 1.0610.

Yesterday, Donald Trump, the American president, once again made capital markets come down to earth from clouds by saying the country’s national currency was too expensive. He believes that the USD is strong and this might be rather alarming: apart from everything else, the White House requires the USD rate to be pretty smooth in order to implement its goals.

Last autumn, the USD was feeling fine and investors were pretty excited by Trump’s comments during his election campaign. Now it appears that none of Trump’s bright slogans lived out their dreams: either money or time was the problem, or a bill was debated far too long. So far, the only thing is clear – the USA continue conducting the foreign policy as aggressively as they did in the past, and this is a significant risk for the currency market.

Despite holidays, there are some reports in the macroeconomic calendar. A bit later, the USA are going to publish March reports on the CPI and Retail Sales. However, one shouldn’t expect a lot of responses to this statistics due to the lack of active market players today.

RoboForex Analytical Department