(cerclefinance.com) friday afternoon on the foreign exchange market, the single european currency was unable to recover, it is still packed against 11755 0.14% in the dollar today, without being able to connect with the $1.19 times over the last week. the euro is not focused on the yen and the swiss franc, but on the other hand, it is stable against sterling.
geopolitical context always tension between the united states and north korea tends to increase the demand for foreign currency shelters, swiss franc, japanese yen, and the dollar, although this is changing.
exchange operators are also on the future decisions of major emitters. prior to the monetary policy of the ecb and the fed, in september, the traditional international symposium of central bankers in the kansas city fed will be held from august 24 to 26, at jackson hole in the us.
very followed by the fed, inflation will further this afternoon. we are waiting for the consumer price index for the month of july, over one year, and the consensus should be reflected in the increase of 1.8% from 1.6% the previous month. excluding food and energy, the rate is expected to be 1.8%, 1.7%.
only ‘surprise’ in the publication could respond to the markets this afternoon, prognosis, aurel oro.
recall yesterday, prices in july rose less than expected in a year (+ 1.9% compared to + 2.2% expected).
in the medium term, inflation is expected to be close to 2%, but in the short term, it will be disappointing, said yesterday, in essence, the boss of the new york fed, william dudley.
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Translated by forexguides.info Team