Data on business activity in Germany

The single currency noticeably reduced popularity due to the publication of very weak data on business activity in Germany. Despite the fact that this indicator remains near historical highs, business activity growth slowed in December, thereby hinting at the possibility of a correction movement.

Also, the dynamics of the market remains highly ambiguous based on the expectation of data on the tax bill in the US. And weak statistics on Germany made investors more skeptical about the euro, which provided support to the American. The dynamics of the euro and the US dollar as a whole is limited by the expectation of data on the advancement of the tax bill on voting in the House of Representatives, which will take place today.

The graph of the euro index. The current price is 94.70.

Hanzenko Anton