Euro/Dollar At 3-Month Maximum, Awaiting German Data
12/29/2017 9:29 AM UTC
Considering that greenback remains weak and yields declined, Euro/Dollar pair strongly gained, having surpassed the 1.1960 level, which is also a 3-month maximum. The other reason for such an improvement is the fact that USD Index remained around multi-week minimums. Today, Spanish Consumer Price Index turned out to be a disappointment, indicating 0.1%. But, the pair seems to be ignoring it. It’s instead expecting the release of German Consumer Price Index.