The Euro succeeded in updating its highs. Overview for 19.08.2020

Yesterday, EURUSD updated its two-year high; at the moment, it remains pretty strong. 

The Euro remains strong against the USD on Wednesday after updating another high the day before. The current quote for the instrument is 1.1930.

Yesterday’s economic calendar was pretty boring and didn’t give investors any strategic news to think about. The USA reported on the Building Permits and the Housing Starts, which both showed 1.5M in July after being 1.33M and 1.23M respectively. 

Today’s calendar offers more statistics from Europe, such as the final report on the CPI and the Core CPI in July, which are expected to show 0.4% y/y and 1.2% y/y respectively.  

Weak inflation in Europe is no surprise but mentioning this fact once again doesn’t bring a lot of optimism to the market. 

In the USA, the key highlight is going to be the FOMC Meeting Minutes. Right now, policymakers are actively discussing a new stimulus package for the American economy, that’s why it might be interesting to know the regulator’s stance on this issue. The document is not expected to reveal anything fundamentally new but the details might be interesting.