The EUR/USD pair keeps rising. Currently, the pair holds at 1.1525. And this is the highest value of the last 14 months. The US Dollar lost trust of market players when voting on Obamacare met yet other obstacles. The parliament speaks against this bill and this makes the capital markets nervous. The day before two senators, Lee and Moran, the day before said the would not support the new and edited version of this bill. The bill is being supported by the Republicans and investors are getting cautious with obstacles the bill is meeting. Investors believe president Trump may not meet his pre-election promises.
The capital markets have several time seen doubts in Trump's possibilities as the US leader, and the uncertainty once again highlights that the Trump's claimed goals were originally too ambitious. Any kind of such uncertainty causes the US Dollar to be in a weaker position.
Do you remember how many rumors about possible parity between Euro and US Dollar there were at the beginning of this year? That time many believed in Trump, and some of them were sure of this. As time has gone by, it is clear many of the Trump's promises will have hard time to be realized. Nobody says about the parity now, and nobody knows when it will be achieved.
The EUR/USD pair can easily rise to 1.1600. Thursday is going to be an important day as ECB will host its meeting that day. After the meeting Mario Draghi, the head of ECB, will hold a press conference, and this can trigger a change in market sentiments. There are 2 days left until this event, so nobody knows how far the Euro can climb.