Dear traders,
The common currency got a nice boost from the release of ECB's Meeting Minutes, surging to a fresh 3-day high of 1.2026 against the greenback, later extending it up to 1.2035 on US data miss. The document released by the European Central Bank reminded investors how confident policymakers are about the economic recovery, with no dovish in-between lines. US Producer Price index rose by less-than-expected in December, also below November levels, up yearly basis by 2.6% from previous 3.1%.
Good trading!
The common currency got a nice boost from the release of ECB's Meeting Minutes, surging to a fresh 3-day high of 1.2026 against the greenback, later extending it up to 1.2035 on US data miss. The document released by the European Central Bank reminded investors how confident policymakers are about the economic recovery, with no dovish in-between lines. US Producer Price index rose by less-than-expected in December, also below November levels, up yearly basis by 2.6% from previous 3.1%.
Good trading!