Euro returned to the highs of the months. Overview for 23.02.2021

On Tuesday, “Euro vs US Dollar” keeps rising, currently trading at 1. 2167.

Nothing sensational has happened: capital markets remain prone to risk, the demand for the safe dollar is minimal, things stay in their place.

Yesterday, the head of the ECB Christine Lagarde promised support to all the sectors of the economy in order to preserve attractive financing conditions while the pandemic keeps influencing the economic system. For the support to be efficient, the statistics of all the sectors of the economy will be considered in detail, which means the analysis of the whole range of indices: from risk-free rates to state expenses on loans and bank crediting.

Yesterday’s data from Germany turned out to be positive: the IFO business climate index in February grew to 92.4 from 90.3 points before. The forecast had promised symbolic growth to 90.5 points.

Today, take a look at the final inflation statistics in Europe in January. It is promised at 0.4% y/y. Base inflation, meanwhile, should remain at 1.4% y/y.

In the evening, pay attention to the Conference Board CCI (February) forecast to rise to 90.2 from 89.3 points. Also, in the afternoon, the head of the US Fed will deliver a speech.

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Source: RoboForex


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