Single Currency Awaits Data
The single currency has slightly increased. Euro/dollar lifted 0.08% to trade at 1.1566. French trade deficit indicated 4.7B euros. Tomorrow, Germany will feature Trade Balance and the US will announce unemployment claims. Eurozone consumption remains positive as retail sales rose to the 9-month maximum of 0.7%.
Republican Kevin Brady (House Ways and Means Committee Chairman) stated that tax bill execution will be next week. At the end of this week, Senate Republicans will present their version of the bill. It’s projected to differ from the President’s one and Senate Republicans might postpone corporate tax lowering by a year. Some say, both proposals will be accepted. The greenback will very sensible to any relevant developments.