Single Currency Reducing, Gross Domestic Product Data
11/13/2017 1:12 PM UTC
The Euro/Dollar pair has lowered 0.19% to trade at 1.1648. German WPI fell to 0.0%. Tomorrow, Germany and the Eurozone will publish their Gross Domestic Product numbers. We’ll also get ZEW Economic Sentiment. European Central Bank will organize an event, in which Mario Draghi and Janet Yellen will take part. As we know, next year European Central Bank will cut the asset purchase program from 60B to 30B euros. The program has been prolonged till September 2018. Some members, particularly Philip Lane (head of the Irish central bank) complain that the lowering should be executed in a faster pace. And some even suggest that the program should be ended. In that case, euro will reinforce.