The dollar is not afraid of the negative statistics
On Thursday afternoon the Euro/dollar slightly lower, although the American statistics did not please the investors, it is trading at around 1,170. Despite the ECB meeting, the daily volatility remained within the daily allowance. Following the meeting, the regulator left the interest rate unchanged, which was expected. Earlier representatives of Bank declared that will begin a gradual rate increase until early next year, while that in the plans of the ECB to minimize the program to stimulate markets.
In these moments held a press conference of the ECB but no radical statements have not yet sounded. In any case, read the release after the event is definitely worth to understand the vision of the Bank on the further development of the European economy in a changing environment. We are talking about possible trade barriers between the US and the EU, I wonder how the ECB assesses the risks associated with trade wars.
Us statistics came out negative. Basic orders for durable goods in June rose by 0.4% m/m, but fell short of expectations. Increased the number of initial claims for unemployment benefits up to 217 thousand the previous figure was equal to 208 thousand, However, the dollar still uneasy, until the end of the day, strengthening the greenback will continue.
The Deputy Director of analytical Department,