After the impulse of growth on strong employment data last Friday, in the Asian session on Monday, a regular correction. The US dollar index DXY ICE slightly decreased, while the course was fixed above $ 99.00.
Best of all US currency feels against the Japanese yen. The pair dollar / yenconfidently approaching the mark of 123.50.
This week will be held ECB President Mario Draghi will be published preliminary GDP of Germany and the euro zone for the III quarter, as well as data on the Chinese economy, which in recent years are often seen as an indicator of the health of the world economy as a whole. The US Federal Reserve held speech by Janet Yellen, and her deputy, Stanley Fischer, after data on employment, confidence in raising interest rates in the United States in the near future has increased significantly, which provides a medium-term interest in the US currency.
The euro / dollar corrective pullback can be completed at the level of 1.0800, and the next strategic goal is the level of 1.0500.
Alexander Egorov, an analyst Teletreyd