EUR/USD Pair Rose by 0.34%
The euro rose by 0.34% against the US dollar today. The EUR/USD pair is trading at the level of 1.1781. At the moment, political tensions in Spain have negligible impact on the euro, but this may change if Catalonia declares independence. Germany’s Trade Surplus climbed to EUR 21.6 billion, above the forecast of EUR 19.8 billion. French Industrial Production declined 0.3%.
The US Federal Reserve releases the minutes of the September policy meeting tomorrow. Markets expect an interest rate increase in December. According to CME FedWatch, the chances of raising rates in December are now 86%, compared to 31% a month earlier.