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- Forex: Thursday’s review
Forex: Thursday’s review
The euro rose to a two-week high against the dollar after a report showed that China's manufacturing index rose this month, adding evidence that the second-largest economy is gaining momentum. According to preliminary data, this index increased in November to the level of 50.4, compared with the final value at the level of 49.5 in October.
The single currency rose against all but two of its 16 major counterparts as the data showed that business activity in the manufacturing rose in November more than economists forecast. At the same time, the composite index of purchasing managers in the euro area in the services sector and in the manufacturing industry amounted to 45.8, up from 45.7 in October, while analysts had expected no change.
The yen fell on speculation that the Japanese elections next month will go to the power of the opposition party, which advocates a more aggressive monetary easing.
EUR / USD: during the European session, the pair demonstrated steady growth, and is now trading at $ 1.2890, which is the maximum value
GBP / USD: during the European session, the pair set a high at $ 1.5980, then dropped, and is now at around $ 1.5955
USD / JPY: during the European session, the pair rose to a maximum of Y82.85, but then dropped to Y82.54
At 13:30 GMT in Canada will change in the volume of retail sales, the change in retail sales excluding auto sales for September. At 15:00 GMT Eurozone publish indicator of consumer confidence for November.
U.S. celebrates Thanksgiving
Japan celebrate rewarding work
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