On Thursday, April 15, by the end of the day, the euro fell against the dollar by 0.11% to 1.1965. The maximum is fixed at 1.1993. Buyers were unable to test 1.20 and had to retreat. They made a second attempt at the American session against the background of the weakening dollar. On the news, we managed to raise the rate to 1.1984.
The US dollar has fallen in price due to the fall in the yield on 10-year bonds to 1.529% per annum. Its fall was facilitated by optimistic data on retail sales and the labor market in the United States.
Retail sales in March rose 9.8%, beating economists' expectations (+ 5.9%). Applications for state unemployment benefits amounted to 576 thousand for the week ended April 10, compared with 769 thousand in the previous week (forecast was 700 thousand).
Scheduled statistics (GMT +3):
- 11:00 the eurozone will release the consumer price index for March and report the change in the trade balance for February.
- 15:15 Canada will publish a report on the change in the laying of new foundations for March
- 15:30 on the change in foreign securities transactions and the volume of wholesale trade in February. The US will announce changes in building permits and new foundations for March.
- 17:00 the United States will present the University of Michigan Consumer Sentiment Index for April.
- 20:00 Baker Hughes on the number of active oil rigs.
Current situation:
At the time of this writing, the euro is worth 1.1969. The price has been in a correctional phase for twenty-two hours. Since at the auctions in Asia the rate fell to 1.1950 and recovered to 1.1972, we should expect the pair to continue to grow to 1.1985. Almost all EUR/EUR crosses are on the side of the euro buyers, except for EUR/CHF and EUR/CAD. Acceleration of the main pair can give the yield on 10-year US government bonds (1.583%). The conditions for growth are good.
If the mood of traders changes sharply before the weekend, sellers will choose the level of 1.1938 (45 dg) as their first target.