The dollar fell significantly on world markets
At auction in Europe, the U.S. currency fell across the entire market. The decline of the dollar accelerated against major currencies on the background of positive statistics and the British to revise their expectations of future actions of the Federal reserve. The canadian dollar is less than all strengthened against the US dollar amid weakening oil prices.
The pound received support from data on the growth of retail sales in the UK, which was higher than forecast due to sales to black Friday. The retail sales index rose 1.4% for the month.
The Bank of England left its interest rate unchanged at 0.75%. The rate decision was made unanimously by the nine members of the monetary policy Committee. The bond purchases have been preserved in the amount of 435 billion pounds.
At the time of writing the Euro is worth 1,1455. The price returned to this level with 1,1486 (-31). Support is located at the level of 1,1440. In Asia, it acted as a resistance. If buyers hold this level until Friday, the pair’s growth will increase to 1,1550. If their activity will decline when the prices fall below 1,1440 pressure on the Euro will intensify. In this case, the pair EUR/USD will move towards the 1.1400 level.