Single Currency Weakened
The single currency has softened. The Euro/Dollar has dropped 0.10% to trade at 1.1814. German Factory Orders increased 0.5%. Eurozone Retail PMI rose to the 5-month maximum of 52.4 pts in prior month. Eurozone economy is having a very successful year. Gross Domestic Product is expected to make up 2.2% and inflation is projected to mark 1.2%. Shares are at high levels and the DAX is sticking to 1.18 level. Today, the US will release ADP Nonfarm Employment Change. Tomorrow, German will announce Industrial Production, Mario Draghi will deliver a speech at ECB’s press conference and the US will show unemployment claims.