Will the Euro Recoup Its Lost Ground?

The situation on the market is trying to stabilize.

Economic News
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Will the Euro Recoup Its Lost Ground?

After yesterday's news about the investigation against the former head of the election headquarters of Donald Trump, Paul Manafort, the American dollar surrendered some ground. After making a pledge to $10 million Paul Manafort was released under house arrest, while his deputy had to pay a deposit of $5 million. This scandal has affected the administration of the White House, which is currently trying to promote a new tax reform, which in turn affected the stability of the reserve currency. In addition, caution against the dollar by investors is also associated with waiting for the appointment of a new head of the Federal Reserve.

Trying to strengthen the euro, there is currently data being released which shows a mixed trend. The unemployment rate fell by 8.9% compared to the projected 9%. However, the consumer price index was lower than projected, and this index is a leading indicator of inflation. So we cannot observe unequivocal support in favor of the single currency.

The situation in Spain has cooled somewhat, after the Parliament of Catalonia in accordance with the decree of the Spanish government was dissolved. At the moment the former leaders of the declaration of independence have been added to the wanted people list.

Overall, right now we have a delicate balance between the quotations of major currencies.

SuperForex
The Dollar Has Stalled

Economic News

The Dollar Has Stalled

The upward movement of the USD against major currencies has stopped as we wait to find out who will head the Fed next.

SuperForex
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Euro Under Pressure

Economic News

Euro Under Pressure

The euro is trying to move away from three-month lows.

SuperForex
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Modest Steps from the ECB Cause a Collapse in the Euro

Economic News

Modest Steps from the ECB Cause a Collapse in the Euro

The press conference of the ECB has weakened the euro.

SuperForex
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