Single Currency Rose To 3-Week Maximum
The Euro/Dollar pair increased 0.23% to 1.1774. German trade surplus rose to 20.3 billion euros. Eurozone Sentix Investor Confidence fell to 12.1. Today, Mario Draghi will deliver a speech at the European Parliament Economic and Monetary Affairs Committee. Tomorrow, Germany and Eurozone will feature ZEW Economic Sentiment. Additionally, we’ll get US JOLTS Jobs Openings.
Friday’s data pointed that US job growth stayed over the 200-thousand threshold. Wage growth, on the other hand, were disappointing. Nonfarm payrolls fell to 213K. Average Hourly Earnings reduced to 0.2%. Jobless rate grew to 4.0%. FOMC protocol noted that hiring was sustained, unemployment rate dropped, growth of household spending improved, business fixed investment rose in a steady pace, headline and core inflation were on track to 2%. But, long term-inflation expectations were little changed as: “Members viewed the recent data as consistent with a strong economy that was evolving about as they had expected.” The US-China trade war was also mentioned as harming the investments. September rate hike is now priced in 80%.