Single Currency Weakened, Eurozone Inflation Satisfying
The Euro/Dollar pair has declined 0.17% to trade at 1.2048. German Retail Sales rose to the yearly maximum of 2.3%. Leaders of Christian Democratic Union keep working on the negotiation with Social Democratic Party, which is scheduled for January 7. Eurozone Consumer Price Index Flash Estimate reduced to 1.4%. Today, the US will release Average Hourly Earnings, Nonfarm Payrolls and ISM Non-Manufacturing PMI. Recently we got the FOMC protocol of December meeting, which indicated that members are optimistic about the economy and that they improved Gross Domestic Product projections to 2.5% from 2.1%. Fed also assume that tax reform is going to boost consumer spending and economic growth.