Euro Stays Above 1.14 Level
The euro remains stable and is trading slightly above 1.14 level. The Eurozone trade surplus increased to EUR 19.7 billion. The final consumer price index in Germany rose to 0.2% in June.
The inflation rates in Germany and the Eurozone remain well below the ECB target of 2%. Analysts suggest that the ECB will not change its monetary policy so long as the level of inflation in the Eurozone remains low.
The US economy slowed in 2017, while GDP was 1.4% in the first quarter. Wage growth remains weak, and the inflation rate is well below the Fed's target of 2%.