Euro Has Increased by 0.10%

The euro has strengthened slightly and is trading at 1.1880. The European single currency increased by 0.10% today, despite the fact that Eurozone Retail PMI fell to a 4-month low (51.0).

German indicators continue to point to the growing economy of Germany. Retail sales grew by 1.1%, and this is the second largest increase in 2017. Factory orders increased by 1.0%. The labor market in Germany also remains stable, as jobless claims fell by 9.000.

Markets expect that the US Federal Reserve will raise the interest rate level in December. The possibility of a rate hike at the December meeting of the Federal Reserve is 42%.