30.10.2015 - Today's statistics will lead to an increase in euro
The price of euro continues to rise against the background of the weak US data on personal income and consumer spending in the country which grew by only 0.1%, which was twice less than the forecast and worse than the previous figure at the level of 0.4%. It is worth noting unexpectedly strong statistics on the labor market in the euro area, where unemployment fell in September to 10.8%, which is 0.2% less than the forecast. Basic consumer price index in the euro area increased to 1.0% over the same period of the last year. In this regard, we expect continued growth of the euro in the near future to levels 1,1080-1,1100, then the more likely is the resumption of the negative dynamics of price to the target marks at 1.0800 and 1.0700.