The DAX Strengthening

Forex News
DAX has increased 0.50% and it’s trading at 12,668.50. Tomorrow, Germany will announce Preliminary Consumer Price Index and the United States will feature Final Q2 Gross Domestic Product. Today, German company Siemens AG declared it would unite rail operations with a French train manufacturer Alstom SA. Mario Draghi delivered a speech before the European Parliament Economic and Monetary Affairs Committee. The President talked about a slack inflation movement and recent weakness of the exchange rate. Draghi is still refrains from any policy tightening, saying it would interfere with achieving the ECB’s target. He stressed the fact that the unemployment is lowering.