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The European single currency depreciated against the US Dollar, following the Euro zone's economic reports on Thursday. The EUR/USD currency pair slacked 16 base points or 0.14% to reverse the downmove and freely rerturn above the 1.1900 mark.
Euro zone inflation growth accelerated at a weaker-than-expected pace in November, pointing to the price growth to remain weak and reinforcing the ECB projections for a further decrease by the end of the year. Eurostat showed that consumer inflation in the 19-country bloc rose 1.5% in November, remaining below the 2% target for nearly five years and missing expectations for a stronger growth pace of 1.6%, despite an increase in prices of oil, which resulted in higher energy costs.
| Historical Data Table: EZ CPI Preliminary y/y | Economic Calendar for 01.12.2017 | ||||||||
| Date | 31.07.2017 | 31.08.2017 | 29.09.2017 | 31.10.2017 | 30.11.2017 | 1:30 PM | Canadian GDP | ||
| Actual | 1.3% | 1.5% | 1.5% | 1.4% | 1.5% | 1:30 PM | Canadian Unemployment Rare | ||
| Forecast | 1.3% | 1.4% | 1.6% | 1.5% | 1.6% | 3:00 PM | ISM Manufacturing PMI | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| EUR/USD | 1.18325 | 1.18169 | -0.13% | EUR/USD | 42.40% | 57.60% | |||
| EUR/GBP | 0.8792 | 0.87789 | -0.15% | EUR/GBP | 29.52% | 70.48% | |||
| EUR/CHF | 1.16809 | 1.1664 | -0.14% | EUR/CHF | 28.39% | 71.61% | |||
| EUR/JPY | 132.936 | 132.701 | -0.18% | EUR/JPY | 37.87% | 62.13% | |||