(cerclefinance.com) friday afternoon on the foreign exchange market, the single european currency was set to finish the week with an increase of the order of a cent against the u.s. dollar. at this time, and after the hesitation of the day before, the euro has remained stable since last night to 11830 dollar, which is also against the swiss franc. on the other hand, the cup of the order of 0.2 per cent against the yen as against the sterling.
rare statistics published in the morning did not dominate the market. in september 2017, said destatis, the consumer price index (cpi) rose in germany by 1.8% compared with september 2016. the main factors of the increase in the prices of energy and food, but also food. this was in line with expectations.
note, however, that the euro has reached a record level in last meeting on 25 september, 11882 dollar, without being able to take place. the political situation in spain, is a matter of concern for the traders, they say to aurel oro.
trends will be more pronounced in this afternoon, so that the united states will be new in the consumer price index for september, due to + 2.3% a year, from + 1.9%), retail trade (anticipated to increase by 1.7% in august and september), the consumer confidence index calculated by the university of michigan (95.4 on 95.1). analysts said
saxophone on “bank, they will affect the trend, but no real change in the situation. investors pay little attention to statistics, in recent weeks, too busy, they are in the reform of the tax administration of trump. it will add to the economy is gradually with the results of enterprises.
noted that several members of the monetary policy committee of the fed will take place in the afternoon. saxo bank is the response of jerome powell, as it is part of the list of alternates, janet yellen, even if we are increasingly convinced that the current chairman of the fed would finally make a new mandat.
janet yellen noted that “
to decide on sunday morning at the top of the d50 in washington, d.c. a speech whose theme is” the economy and monetary policy. it will be interesting to monitor any reference to drivers of inflation, “said saxo bank.
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Translated by forexguides.info Team