DOLLAR HAS BEEN STRENGTHENED ON FAVORABLE DATA
EUR/USD
Yesterday, the dollar against the European currency strengthened after the publication of the minutes of the ECB meeting. Although the meeting discussed the issue of folding QE, but the ECB will so far adhere to policies that help mitigate the effects of the crisis. The rates will not increase while the policy of quantitative easing is being implemented, but then they will increase slowly. The pair EUR / USD on Thursday fell to levels around 1.1700 after the release of US-friendly US statistics. Today, quotes continue to fall amid allegations of representatives of the Fed.
On the hourly chart, a descending channel is built through the week's minima. While the price consolidates near the lower border. If today's data on the US labor market are worse than expected, then the euro may return to levels around 1.1800.
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