EUR/USD Fundamental analysis
American currency was able to strengthen its position against the main competitors - the dollar index basket (USDX) ended the trading day at around 81.56. The euro area trade balance release came out worse than forecasted medians that cheered the bears to open short positions on the EUR/USD, still the trading was quite slow during the day and the pair did not go beyond the medium-term range. By the end of the day, the euro/dollar lost 0.38%.
The GBP/USD fell against the background of the UK and the USA important macroeconomic statistics publications. Even the reduction of the EUR/GBP cross-course failed to provide the strong support for the British currency which indicates the absence of a strong demand from institutional investors.
The growth in the world's leading stock markets supported the demand for the USD/JPY during the day. However, the absence of macroeconomic statistics forced traders to refrain from the active trading. Nevertheless, the bulls can rightfully be written itself into an asset.