Single Currency Recovers, German Consumer Price Index Next
12/28/2017 10:27 AM UTC
The Euro/Dollar pair lifted 0.38% to trade at 1.1935. Today, the US will announce jobless claims, trade balance, wholesale inventories and Chicago PMI. US Pending Home Sales increased 0.2%. Housing Starts indicated 1.30M. New Home Sales improved 733K, marking the 10-year maximum. Investors keep pricing the January rate hike in (now 100% odds). On Friday, Germany will announce Final Consumer Price Index, which can give euro an additional boost. In November, CPI was up 0.3% (maximum of four months). Eurozone annual average inflation rose from 1.4% to the maximum of 1.5%. European Central Bank improved its projections about economic growth and inflation for 2018.