Positive stability of the euro against the US dollar at the beginning of the week

The single currency of the European Union has fluctuated in a narrow range during the Asian session against the US dollar on the eve of economic developments and data expected Monday by the economies of the euro area and the United States. US economy, the world's largest economy.

At 4:45 GMT, the EURUSD rose 0.01% to 1.1686 from the opening at 1.1685 after the pair hit a high of 1.1694, hitting a lows of 1.1676.

Markets are looking for the economies of the third eurozone: the index of the Italian trade balance for May could reflect a widening of the surplus to 3.25 billion euros against 2.94 billion euros last April, the same indicator for the whole region, which could show a contraction of the surplus to 17.6 billion euros against 18, 1 billion euros in April. On the other hand, markets are currently watching the US economy read retail sales, which account for about half of consumer spending, accounting for more than two-thirds of US GDP, which could reflect a slowdown growth at 0.4% versus 0.8%. Last May, the basic reading of the index itself could show a slowdown in growth to 0.4% from 0.8% in May.

This is in addition to the publication of the New York Industrial Index, which narrows to 20.3 from 20.3 in June, resulting in a reading of wholesale stocks that could reflect an acceleration growth of 0.3% versus 0.4%. In April, investors are looking for what the bi-annual testimony of Federal Reserve Governor Jerome Powell on monetary policy will bring to Congress.

Federal Reserve Governor Jerome Powell is expected to testify on monetary policy before the Senate Committee on Banking, Housing and Urban Affairs on Tuesday and before the House Financial Services Committee after his brief policy report monetary. As well as the Federal Reserve's prospects for late last week for Congress.