Forex

Euro climbs to three-month high ahead of Lagarde's speech

2020-11-30 09:06:09 GMT (Economies.com)

EUR/USD tilted higher in Asian trade to early September highs ahead of a spate of data from the euro zone and the US, and a speech by ECB President Christine Lagarde. 

 

As of 06 :53 GMT, EUR/USD rose 0.13% to 1.1973, with a three-month high at 1.1974. 

 

From the euro zone, Germany's consumer prices are expected down 0.7% in November, while Spain's consumer prices are estimated down 0.9%. 

 

Italy's consumer prices are expected down 0.2%, compared to a 0.2% increase in October. 

 

ECB President Christine Lagarde will speak at an online event hosted by the European Policy Centre later today.

 

From the US, the Chicago PMI is expected down to 59.4 from 61.1, while existing home sales are estimated up 1.1%. 

 

Federal Reserve Chair Jerome Powell will testify tomorrow on the CARES Act before the Committee on Banking, Housing, and Urban Affairs, in Washington DC.

 

The Federal Reserve tried to soothe investors with a recent statement, asserting credit support will carry on for companies and local agencies throughout the coronavirus pandemic. 

 

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