Single Currency Dropped
The single currency has mildly dropped. Euro/dollar is now trading at 1.1450. Eurozone Final Consumer Price Index lowered to 1.3%. The United States will publish Empire State Manufacturing Index. The majority still awaits some news about the Fed’s rate hike. The US inflation remains soft and Central Bank becomes less likely to execute the tightening. Fed fund futures’ price keeps falling. US Consumer Price Index rose to 0.0%. Retail Sales fell 0.2%, the 3rd drop in four months. Eurozone Final Consumer Price Index decreased from 1.4% to the yearly minimum of 1.3% in prior month. German final Consumer Price Index increased from -0.2% to 0.2% in the previous month. ECB will have to decide whether to tighten the policy.