Single Currency Still Sustained, US Data Anticipated
The single currency remains strong. Euro/Dollar pair is up 0.27% to trade at 1.1830. The eurozone trade surplus rose to 25.0B euros. From the United States, we will get Consumer Price Index, Core CPI, Retail Sales and Core Retail Sales.
Yesterday, Mario Draghi and Janet Yellen took part in an event, organized by the European Central Bank. Janet Yellen noted that often there is some serious controversy between Federal Open Market Committee members, which burdens the market.
German Q3 Preliminary Gross Domestic Product rose to the 3-year maximum of 0.8%, final Consumer Price Index stayed at 0.0%. ZEW Economic Sentiment marked 18.7. German economy is developing at annualized rate of 2.8%. Business investment has broadly increased and unemployment has dropped. All these factors are pointing at a continuing improvement of the Eurozone’s biggest economy.