State of the market : the euro is strengthening by the migration agreement

At the start of the day, the single currency strengthened across the market, on the data about the achievement of the agreement on migration in the euro area, which was reached at the summit of EU leaders. As a result of the agreement, all members of the euro area will have quotas for the reception of immigrants, the rejection of which will lead to a reduction in funding from the EU budget. At the same time, this agreement mainly supported the euro due to the manifestation of integrity in the euro area, which was not traced from the beginning of Brexita.

In addition to the fact that the EU can be more cohesive than it seems, this decision returned optimism on the stock markets, which remained under the pressure of a strong American dollar. With the positive opening of trading in Europe, it is possible further reduce of the American dollar, but within the support level of 94.70-60.

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Hanzenko Anton