Euro Has Decreased Against US Dollar

The euro has declined by 0.09% against the US dollar in today's trading. The euro/dollar pair is trading at 1.1854. German Services PMI fell to 54.3, which is below the forecast of 54.9 points. Eurozone Services PMI improved to 56.2, which is in line with the forecast.

The US Senate passed a bill on tax reform. If this bill becomes law, it will mark the first major tax reform in the US for 30 years and may raise the US dollar against the euro and other major currencies.

Prime Minister of Great Britain Theresa May did not manage to agree on the beginning of trade negotiations with the EU. Yesterday, the British Prime Minister said that Britain and the EU still have problems with Brexit, but they can be overcome in the near future. One of them is the problem of northern Ireland and its borders. The second question is whether the European Court will play the role of protecting European citizens in the UK.