Single Currency Rose On German Factory Orders
The Euro/Dollar pair increased 0.27% to trade at 1.1687. German Factory Orders rose 2.6%. Eurozone Retail PMI lifted to 51.8 pts. Today, the US features ADP nonfarm payrolls and jobless claims. Additionally, FOMC will release the protocol for June meeting. The investors will be looking for some rate hikes clues and maybe some comments about the impact of the US-China trade spat. Dollar will be sensitive to the release. Tomorrow, we’ll get US official nonfarm payrolls and wage growth.
The European Union is planning a meeting with the world’s largest auto exporters of US, South Korea and Japan to avoid the trade war. Jean-Claude Juncker (European Commission President) might offer to arrange a meeting with the President Trump. Some also speculate that the latter will end the trade friction if EU and US drop all tariffs on car imports.