• EUR / USD is consolidating in 1.2780

Market news

5 November 2012

EUR / USD is consolidating in 1.2780

 

 

The euro remains stable after the data reported a decline of purchasing managers' index for the non-production sphere slightly below the forecast of U.S. economists. The index fell in October to 54.2, while the predicted decline to 54.5. However, were slightly lower than the forecast value has had little impact on the markets.

Markets expect tomorrow's U.S. presidential election, and the ECB's monetary policy Thursday (predict keep rates at 0.75%).


 

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