In the US, the mortgage applications, the housing starts and the building permits will be published. We expect these data to be only of intra-day importance. Looking at the price action over the previous days, the pressure on the euro is obviously easing. On the other side of the equation, one can not but draw the conclusion that the dollar is not in best shape either. This is also visible in the trade weighted dollar index. In this respect, we also keep an eye on the visit of the Chinese President to the US. At least for now, most comments from Chinese policy makers were supportive to the euro rather than to the dollar. Of course, it is a thin line to walk for Chinese policy makers as they try to prevent more pronounced rise of the yuan against the dollar too.
For more: Euro Strenght Or Dollar Weakness? | ForexNewsNow.com | Realtime Forex Trading News
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