It’s Thanksgiving in the U.S. and the markets are closed. The trading is expected to be thin since the U.S. markets are closed for Thanksgiving. The euro is currently near the recent high of 1.1850. Without any economic data or political drama, it is probably going to consolidate there for…
Day: November 23, 2017
The FOMC Minutes Sent the Euro Decidedly Higher
What a surprise. The minutes from the FOMC meeting pushed the euro higher in the late U.S. trading session today. The FOMC’s meeting Minutes revealed that the December rate hike was certain. Some members had concerns about the inflation that was not as strong as they had expected; therefore, they…