Negative stability of the single currency Euro against the US dollar and attention to the Fed meeting

The single currency of the European Union region has fluctuated within a narrow range. The second session since October 22 against the US dollar was resumed on the eve of economic developments and data expected Thursday by the economies of the euro area and the United States. The global economy coincides with the FOMC meeting in Washington.

At 05:02 GMT, the EURUSD fell 0.01% to 1.1425, against 1.1426 at the opening after a low of 1.1423 and a low of 1.1437.

Markets are currently waiting for the biggest reading of the trade balance, which could reflect a widening of the surplus to 18.2 billion euros against 18.3 billion euros last August, in the prospect of a rise corrected for changes in exports and imports. Second French economy, it could reflect a growing deficit to 6.1 billion euros, against 5.6 billion euros.

On the other hand, investors expect the US economy to reveal the reading of the claims index for the week ending the 3rd of this month, which could reflect the stability of 214,000 claims, unchanged by compared to the previous month, 4,000 requests reached 1,635,000 compared to 1,631,000 in the previous weekly reading.

This coincides with the FOMC meeting of 7 and 8 November, during which monetary policy makers are expected to maintain short-term benchmark interest rates between 2.00% and 2.25% after rising. interest rates. Of the federal funds 25 basis points for the third time this year at the previous meeting of the Federal Commission.