Will the Euro Dollar ends the year high?
The dollar fell significantly against Euro, but rose against the
Japanese yen on Wednesday, Nov. 27, 2013.
U.S. data on Tuesday showed
consumer confidence fell as Americans worried about their future jobs and earning
prospects
The release of negative US
data on Tuesday, especially the lower
than expected US 10 Year Treasury Yields, resented few clues to investors on the
timing of when the U.S.
central bank will scale back its stimulus.
On the eve of Thanksgiving, with purchases at beginning period
for the year-end, consumer confidence rate clearly indicate that the summer
will be marked by a decline in consumption, which is an essential element in
the economic growth.
Investors are waiting for important US economic indicators on the next week, as weak economic growth wish push the Fed to maintain the $85 Billion pace of monthly asset purchases.
The most anticipated data in the coming weeks will be the payrolls
employment report for November, which will be released on December 6.
The release of negative US
data on Tuesday offered few clues to investors on the timing of when the U.S. central
bank will scale back its stimulus.
On the other hand, the Euro was also supported by positive German
data on Wednesday.
And investors are waiting for the ECB interest rates decision on Friday November 29th
2013, they fear the ECB to cut
the interest rates , which dropped in October from 0.5% to 0.25%.
As economic indicators have not yet stabilized in the tow regions
(US and Europe),
the trend of the pair will continue to fluctuate in different directions.
