Midday EURUSD roundup
August 30, 2018 @ 14:01 +03:00
The dollar index fluctuates close to 94.60, losing 0.2% for the last 24 hours. EURUSD is trading near 1.1690.
The rise of the British Pound on Wednesday evening returned the pair to the levels above 1.1700, but now the momentum seems to be exhausted.
Bullish: Optimism around the prospects of the UK-EU deal. The decline in the number of unemployed in Germany in August for 14 months in a row.
Bearish: Upward revision of U.S. GDP growth in 2q18 from 4.0% to 4.2%. The fall of the Turkish Lira for the 4th day in a row by 10% this week to 6.60 per dollar. The weakening of the Asian Markets.
Next focus on: Estimates for consumer inflation in Germany at 12:00 GMT; Canadian GDP for 2q18, and U.S. personal income/expenditure for July at 12:30 GMT.