Euro Increased by 0.33% Against US Dollar

Forex News

The euro strengthens against the US dollar. The EUR/USD pair rose by 0.33% and traded at the highest level since September 22 (1.1980). The euro rose by 1.0% this week, amid the US dollar has been under pressure. Germany will publish data on the final CPI today, which is expected to grow by 0.5% in December.

In November, the money supply of the Eurozone decreased slightly. Eurozone M3 Money Supply rose 4.9% year-on-year in November, slower than October's growth of 5%. Economists forecast growth of 4.9%.

It is expected, that the US dollar will recover early next year, with the support of the Fed's policy. According to forecasts, the US Federal Reserve will raise interest rates for the second consecutive month at the January meeting on policy issues.