On the American statistics, the Euro has updated a maximum

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During the European trading session the us dollar showed mixed dynamics. Amid the collapse in oil prices hurt commodity currencies. In the news there was a message that the cartel members could not reach agreement on the reduction of oil production. A barrel of Brent fell by 5.6% to $58,39. The canadian dollar dropped to 1,3445, Euro to 1,1321.
In addition to falling oil prices, the uncertainty of market participants puts the upcoming vote for Brexit in the British Parliament next week. After the publication of serving the American statistics, the dollar lost ground. The ADP report on employment in the private sector in November reflected the increase in new jobs in the amount of 179 thousand (forecast was 195 thousand). The previous value revised downward from 227 thousand to 225 thousand
From November 26, Euro/dollar is in a sideways range of 125 points. Extra power buyers get from the news in Italy. The European Commissioner for financial Affairs Pierre Moscovici said that Italy began the dialogue on the issue of the budget. Border of the channel for the Euro/dollar pass through 1,1312 – 1,1430. The price is in the middle of the channel. The transaction profitable to make from the channel, but not in the middle of the range.
The overall picture for majors has not changed. Canadian, Australian and new Zealand dollars continue to trade in negative territory, yen, pound, franc and Euro in the black. Significantly improved the British pound.
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Vladislav Antonov,
Analyst
Alpari