During the European trading session the US dollar fell across the market
During the European trading session the US dollar fell across the market. The dollar index fell to 95,67 points, as the Democrats won the majority in the House of representatives of Congress, and Republicans in the Senate.
The Euro/dollar rose to at 1.1500 and at the time of writing is trading at 1,1481. The price returned into the channel, from which it withdrew after the results of the elections.
The British pound has benefited from optimism about the outcome of negotiations on Brexit. The price increased to 1,3175. As the Euro, the British pound retreated from a one-week high.
The focus of market participants is the press conference of U.S. President Donald trump (19 GMT) and the FOMC meeting the Federal reserve system (scheduled for Wednesday and Thursday). Congressional elections were held. Traders can again switch to problems of the European Union.
To the close of the us session, expect the Euro to weaken against the dollar to 1,1461 on the background of local downward correction. If he can’t resist, then the drop in prices accelerating to 1,1430. The resistance passes through a mark 1,1515.
Retail sales in the Eurozone amounted to 0.0% m/m (consensus: 0.1% m/m, previous 0.3% m/m).
The index of industrial production in Germany was at the level of 0.2% m/m (consensus: 0.1% m/m, previous reading of 0.1% m/m).