The main currency pair is rising on Wednesday; no one likes the USD again.
The EUR/USD pair resumed growing after a short pause. The current quote for the instrument is 1.2315, which is the highest since January 17th.
Generally speaking, nothing negative happened to the USD. The American government was back to its usual routine after a short pause, because temporary financing had been agreed upon for the second time. So, now Democrats and Republicans may continue arguing about immigration policy and military spending until February 8th. However, the American bond yields are decreasing, thus influencing the USD as well.
Still, today’s trading session may be pretty volatile, because there a lot of reposts and statistics in the macroeconomic calendar. So far, the situation is favor if the European currency.
However, a couple of reports, the Markit Manufacturing PMI Flash and the Markit Services PMI Flash in France, have already been published. The first one decreased up to 58.1 points in January after being 58.8 points the month before. In contrast, the second indicator expanded up to 59.3 points after being 59.1 points in December. The numbers are very good, but the decline in manufacturing can be easily explained by Christmas and New Year holidays and vacations.
A bit later, German will report on the same indicators. Later in the evening, one should pay attention to the US housing market and the Markit Manufacturing PMI Flash and the Markit Services PMI Flash.
RoboForex Analytical Department