Single Currency Hits 2-Week Peak

Forex News

The Euro/Dollar pair rose 0.43% to close at 1.1770. Eurozone Retail PMI increased to 51.7 pts. Today, the US will present jobless claims. Euro reinforced thanks to comments from the ECB officials. The currency reinforced to its 10-day maximum versus the greenback. Peter Praet (ECB chief economist) confirmed that inflation is getting closer to the 2% objective and that the asset purchase program exit will be discussed next week.

The US reported, that the summit with North Korea will happen on June 12. Donald Trump claimed he didn’t think he and Kim Jong-Un will sign an agreement. But, the summit might put a brick in forming the relationship.