Decrease of Euro Continues Amid US Dollar’s Strength
The euro remains unstable. The euro/dollar fell by 0.33% and is trading at 1.1754. It is expected, that the Core Durable Goods Orders in the US slow down to 0.2%. Tomorrow Germany releases Preliminary CPI, and the US will publish Final GDP and unemployment claims.
Comments of the US Federal Reserve Chairman Janet Yellen strengthened the US dollar. Yellen said that she favored gradual rate increases and expressed confidence that the inflation rate would increase. For their part, the markets became more confident in the December interest rate increase. Data from the CME Group showed that the chances of a December increase rose to 81%.