Single Currency is Muted

The single currency has weakened, as euro/dollar dropped 0.15%, trading at 1.1634. Eurozone Consumer Price Index Flash Estimate fell 1.4%, Core Index declined to 0.9%. Preliminary Flash Gross Domestic Product stayed at 0.6%. Unemployment rate reduced to the 7-month minimum of 8.9%. The US is about to release CB Consumer Confidence. Tomorrow, the US will show ADP Nonfarm Payrolls, ISM Manufacturing PMI and Fed monthly rate statement.

As we may recall, Catalonia declared independence from the Spain and now the Spanish government has accused Carles Puidgemont (Catalan President) to be in charge of this uprising. But the President is currently in Belgium and it’s hard to foresee his further actions.