The dollar strengthened on the eve of Easter

The dollar strengthened on the eve of Easter

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On Friday , April 18, the euro traded neutrally and 8:30 MSK euro exchange rate was at 1.3815 dollars Forex trading in Europe on the eve of the closed quietly. Inflation in Germany market ignored . The movement started closer to closing the Asian session , when the cross-rate euro / pound began correction. Amid recovery cross euro / dollar rose 20 points, to 1.3863 .

Producer prices in Germany in March fell 0.3 % MoM and 0.9 % YoY . Fall was stronger than forecast values ​​: increase of 0.1 % on a monthly basis and down 0.7 % year . ECB President Mario Draghi during his last appearance was concerned about the currency and deflation. In case of further reduction of production and consumer prices ECB may adopt new measures to mitigate the monetary policy , says analyst “Alpari” Vladislav Antonov .

In anticipation of the Easter holidays and in the absence of significant macroeconomic statistics Active traders in the U.S. session has declined and the dollar began to demand. As a result, a long weekend the main currency pair came to the “minus ” .

In the near future should not expect recovery in the market Forex. Major players are in Europe and the United States , went on a long weekend . And on Monday, April 21 activity is unlikely to rise sharply . Participants will return to the market gradually – first U.S. merchants , then the UK, then in continental Europe.

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