EUR Finally Did It
Today was a big day. Apart from the flow of macroeconomic data, the meeting of the biggest central banks’ chiefs in Frankfurt definitely attracted some of the market’s attention. Frankly speaking, we did not expect any surprise from the central banks' chiefs, yet their comments provoked some volatility in some pairs.
The common currency finally did it. Here it is again beyond the 1.17 levels. We are waiting for the US inflation and retail sales data for October now. The fact is the figures may influence the Fed’s decision of a rate hike in December, even though the Fed’s Kaplan told today they were ‘actively considering’ December rate rise.
The common currency finally did it. Here it is again beyond the 1.17 levels. We are waiting for the US inflation and retail sales data for October now. The fact is the figures may influence the Fed’s decision of a rate hike in December, even though the Fed’s Kaplan told today they were ‘actively considering’ December rate rise.
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