Single Currency Hits Maximum of Three Weeks, Despite Negative ZEW
The Euro/Dollar pair lowered 0.03% to trade at the 3-week maximum of 1.2369. German ZEW Economic Sentiment declined 8.2 pts, marking a 6-year minimum. Eurozone ZEW Economic Sentiment fell to the 2-year minimum of 1.9 pts from 13.4 pts. Today, the US features housing data. Building Permits are projected to reach 1.33M, Housing Starts are expected to lift to 1.27M. Some Fed members will speak about the economy. Tomorrow, Eurozone will release Final Consumer Price Index.
As of situation with attacks in Syria, the US-led strike diminished a few chemical installations in Syria. Russia and Syria expressed their indignation. Now that the operation is successfully complete, investors are hoping Trump won’t make another stir and everything will calm down.