The Euro is currently trading around 1.1650 against the US Dollar, showing little immediate reaction to recent US economic data releases. While the Euro has weakened slightly over the past month, it has gained significantly over the past year. The market’s attention is focused on upcoming events, including speeches by central bank officials and potential rulings related to US tariffs, while remaining relatively calm.
- EUR/USD exchange rate at 1.1650, a slight increase of 0.06% from the previous session.
- The Euro has weakened 0.88% against the US Dollar in the last month.
- However, the Euro is up 13.22% against the US Dollar over the past 12 months.
- US Retail Sales rose 0.6% in November.
- US Producer Price Index also rose in November.
- The US Dollar maintains a moderate bullish bias.
- US CPI grew 0.3% in December, and 2.6% over 12 months.
- The market largely expects the Federal Reserve to hold steady on monetary policy in late January.
- The chance of a March rate hike has dropped.
- European Central Bank’s Vice-President, Luis De Guindos, is scheduled to speak.
- US Retail Sales data will be in focus.
The asset’s current valuation seems stable, holding its ground. While some fluctuations are visible, overall the asset has demonstrated resilience in the face of varying economic data. Traders appear to be carefully monitoring upcoming events, but the overall outlook suggests cautious optimism tempered by the potential for significant policy shifts.