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Several headwinds help to weaken the cross and prevent a recovery of the single currency. Crucial now the news of the G20 and developments on the counter Rome-Brussels: the expectations and strategies of badysts.
The weakness of the euro-dollar does not stop: after crossing the threshold of 1.13 yesterday, it continues to move just below this threshold. In the last few minutes, the cross was photographed at 1.1272, down about 0.2% from yesterday's close, unmoved by macroeconomic data released this afternoon in America.
US macroeconomic data do not move the cross, but those of the EU
The slightly slower Q3 GDP reading had no impact on the dollar as the collapse in new home sales in October had no impact on investor positions.
The single currency has not helped even yesterday's decline in confidence indicators in Italy and France, as badysts at Unicredit explain, the moderate decline in consumer confidence Americans being rumored yesterday also served as a pretext for the rise in the exchange rate of the euro. dollar slightly below 1.13 shares.
Even before yesterday, the single currency was also weakened by indications provided by the IFO index, prevalent two days ago in Germany, with a wider decline in forecasts that certainly did not rebadure investors about a possible slowdown in the German economy. .
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The focus is now on the G20 meeting next weekend, which is heated by the debate over US tariffs, as Unicredit badysts have pointed out, which means that the cross remains weak and apparently unable to progress. to the top.
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