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- EUR / USD has corrected after the Ecofin conference
EUR / USD has corrected after the Ecofin conference
Euro before the opening of trading in Europe rebounded from the lows at 1.2945, being able to break through 1.3000 against the end of the month.
Prices reached a high of 1.3022, then adjusted, dropping below 1.3000 to session lows at 1.2962.
At the moment the pair EUR / USD is balancing around 1.2970 after data on mortgage applications for MBA in the U.S., employment cost index for the 3rd quarter and the Chicago PMI (49.7 vs. 49.9 in October and forecasts 51.0).
During the teleconference of Eurogroup finance ministers failed to reach agreement on Greece, but Schaeuble said that the country has made some progress. However, in mid-November, the country may be bankrupt.
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