The Euro is under pressure of geopolitical risks
On Friday, June 29, the Euro rose significantly against the U.S. dollar. Demand for Euro rose after the EU leaders reached an agreement on the issue of migration. Additional support for the currency had inflation data for the Eurozone and a General weakening of the U.S. dollar. At the end of the day, the Euro/dollar closed at 1,1682. Growth was 0.99%.
The index of business activity Association of managers in Chicago in the U.S. in June amounted to 64.1 (forecast was to 60.0, the previous value — 62,7).
The final index value of consumer sentiment University of Michigan index for June was 98.2 (consensus: 99,2, a preliminary value — 99,3).
Planned stats (GMT+3)
From 10:30 to 11:00 will be released the index of business activity in the manufacturing sector for June in Switzerland, France, Germany, Eurozone, UK. The market will only have an effect statistics in the UK.
12:00 EU will report the change in unemployment for may.
At 16:45 States will publish the index of business activity in the manufacturing sector for June.
At 17:00 will be released ISM manufacturing index for June. The indices have an impact on the dollar if a strong deviation of the values from the forecast.