EUR/USD (a 4-hour chart)
The US dollar traded on Wednesday with decrease versus Euro, the yen and Canadian dollar, but rose against the pound and the Australian and New Zealand dollars amid the absence of significant macrostatistics. The Euro continued its growth, while the pound was traded downwards. Yen has been growing for the second day amid the decrease of the stock markets. The Australian dollar fell after the release of weak data on consumer confidence in Australia.
The Euro reached a level 1.38 to the dollar for the first time since October 29. The ECB said on Wednesday that starts a 7-day round to provide liquidity in U.S. dollars to reduce the deficit of liquidity, which recently appeared in the money market in the Eurozone. The ECB representative Kere said that he did not exclude further policy easing, but thought it unlikely. Inflation in Germany accelerated in November to 1.3% in annual terms, with 1.2% a month earlier. The current account deficit in France in October fell to 2.1 billion euros against 3.6 billion euros in September.
The yen continued to strengthen for the second day amid the decrease of the stock markets - Nikkei fell on Wednesday by 0.6%. The Swiss franc updated the annual maximum versus the dollar before the meeting of the Swiss National Bank on Thursday - policy changes are not expected. The canadian dollar has been growing for three days. USD/CAD went down from an important technical level 1.07.