Forex. Euro/Dollar (EUR/USD) forecast for today
Throughout the day, the pair tried to gain a foothold in the trading range of 1.1226-1.1186. But still, the US currency continued to strengthen.
The yield on 10-year US bonds is now at 1.643%.
The minutes of the Fed's meeting of November 2-3, published on Wednesday, showed that the leaders of the US Central Bank noted the importance of a flexible approach to curtailing the asset repurchase program, as well as the timing of an increase in the base interest rate.
Recall that after this meeting, the October US inflation data were published, showing an acceleration in the growth rate of consumer prices in the country to 6.2% in annual terms – this is the maximum since 1990. Meanwhile, data from the American labor market indicate an improvement in the situation, the number of Americans who applied for unemployment benefits for the first time decreased by 71 thousand last week – to 199 thousand people – this is the minimum since 1969.
On Friday, the foreign exchange market will show an increase in trading activity. ECB President Christine Lagarde will speak on this day. A little later, the volume of lending to the private sector of the Eurozone will be announced and a speech by Panetta, a representative of the European Central Bank, will take place.