[ad_1]
The single currency of the European Union has fluctuated in a narrow range slipping towards the US session to see its rebound from its highest since July 23 against the US dollar following developments and economic data followed Tuesday by the economies of the euro area and the US economy. The world looks forward to the meeting of the Federal Open Market Committee in Washington.
At 15:06 GMT, the EURUSD fell 0.03% to 1.1702 levels from the opening at 1.1706 after registering the lowest level at 1.1696. One week to 1.1746.
Germany's largest economy followed the publication of retail sales, which rose 1.2% from 2.1% in May, exceeding expectations of a rise of 1.1%. Up 1.6% over the previous year, exceeding expectations of a 1.5% increase. That was before the publication of the preliminary reading of the consumer price index for the French economy, the region's second-largest economy, down 0.1% against a zero-to-mid-point stability. June / June, with the exception of contraction expectations of 0.3%, Spanish GDP is the fourth largest economy in the region, with a slowdown in growth to 0.6% compared to previous quarter and expectations of 0.7%.
The Unemployment Change Index for Germany showed a contraction of 6K at 14K last month, in contrast to the forecast of a 10K drop. Unemployment for Italy , the third largest economy in the region, reached 10.9 from 10.7% in June, contrary to expectations of an increase of 10.8%.
reveals the preliminary reading of the Italian GDP indicator which shows a slowdown in growth to 0.2% in line with expectations versus 0.3% in the third quarter, in connection with the initial reading of the same index of economies in the region 0.3% higher than the previous quarter and 0.4%.
We also followed the first reading of the Italian index of consumer prices, which showed an acceleration of growth to 0.3% from June and forecasts of 0.2%, coinciding with the annual publication of the same index of the region which showed an accelerated growth to 2.1% compared to the previous reading and expectations to 2.0%.
In the same context, the annual reading of the consumer price index for the euro area as a whole shows an acceleration of growth to 1.1% against 0.9% in June , exceeding expectations by 1.0%. Overall for last month, which showed a stability at 8.3%, unchanged from May, in line with expectations.
On the other hand, we tracked personal income and expenditure data, showing a slowdown in personal expenditure growth to 0.4%, compared to 0.5% in May. 0.4% in line with expectations, and the reading of the Consumer Expenditure Index which slows down the slowdown in growth slowed to 0.1% in line with expectations, up from 0.2% in May.
Follow-up of annualized personal consumption expenditure (PPI), down 2.2% from expectations, to 2.3%, while the core personal expenditure index showed slower growth in 0.1% in line with expectations, The annualized reading of the same index shows a growth stability of 1.9%, other than expectations of 2.0%, the cost index of the hand-of slowed to 0.6% vs. 0.8% in the first quarter, above expectations of 0.7%.
It was before we saw housing market data released with the S & P House Price Index showing an acceleration of growth at 0.2% in line with expectations versus 0.16% in April, while the same year The growth rate slowed to 6.51% from 6.69% when reading the previous year, contrary to forecasts of a slowdown in growth at 6.40%. (19659002)
leading to the publication of the Chicago PMI for the month which showed an expansion to 65.5 vs. 64.1 last June, above the expectations of 61.9, before that we saw a consumer confidence reading of 127.4 vs. 127.1 last month, above expectations at 126.5, and the markets are now watching the Fed meeting today and tomorrow in Washington .
[ad_2]
Source link
