Single Currency Slightly Decrease

Forex News
The single currency has mildly reduced and now euro/dollar dropped 0.14%, trading at 1.1630. The United States will publish New Home Sales. Tomorrow, the US will announce Unemployment Claims and Core Durable Goods Orders. German Ifo Business Climate rose to the maximum of 116.0 pts. Clements Fuest (President of the Ifo Institute) is very much pleased with economic improvement in Germany. The President says expectations about the business couldn’t be better. Euro has been riding on positive data from the biggest Eurozone economy. Today, the Federal Reserve will have its meeting. Traders will pay much attention to members’ comments about inflation, Q2 data and the USD 4.2T balance sheet tapering that might be started in September. The comments might give an additional boost to the US dollar. The rate is expected to stay untouched. December’s move is priced in 37%.