Single Currency Boosted, FOMC Next

Forex News

The Euro/Dollar pair grew 0.13% to close at 1.1760. Eurozone Employment Change rose to 0.4%. Industrial Production dropped 0.9%. Today, the US features Purchasing Price Index. Moreover, Fed will execute a 25bps rate hike. Fed fund futures keep pricing in 94% chance for it. Tomorrow, Germany will present CPI and the ECB will have a meeting. The US will announce retail sales reports and jobless claims. Mario Draghi is expected to address the asset purchase program ending and his comments will definitely move EUR/USD.

The US President Donald Trump announced he wanted to stop military exercise with South Korea while the negotiation with North Korea is in progress and expressed dedication to unspecified “security guarantees” for Pyongyang, and to “lift sanctions against it.” Overall, after signing the agreement, North Korea pledged to aim for “complete denuclearization” and Trump, in his turn, promised a security guarantee. Trump talked about halting the US drills and Kim said that North Korea had dismantled a missile engine test site. But, that was it in terms of details.