Euro Stays Above 1.14 Level

The euro remains stable at the end of the week. The euro/dollar pair is trading above 1.14 level. Industrial production in Germany grew by 1.2%, exceeding the forecast of 0.2%.

The euro has strengthened significantly after the release of the ECB protocol. The minutes noted that economic growth in the Eurozone is accelerating, but it is still necessary to provide the conditions for stimulating low inflation rates.

The US will release data on employment today. It is expected, that employment in the non-agricultural sphere of the United States will grow by 175 thousand. In addition, the Federal Reserve will release its semi-annual Monetary Policy Report.