EUR/USD holds for first in 5-session

The single currency of the European Union fluctuate lower in  the Asian session to see its rebound to its second highest session since March 5 against the US dollar on the eve of developments and economic data expected Thursday by the Eurozone economies and the US economy. In the world.

At 04:53 GMT, the EUR/USD dropped 0.08% to 1.1318, compared to the opening at 1.1327, after reaching a low of 1.1318 during the session, while reaching a high of 1.1337.

The markets for the euro zone's biggest economies are expecting Germany's final reading of the Consumer Price Index (CPI), which may reflect a stable 0.5% growth, unchanged from the January preliminary reading, versus a 0.8% contraction in December, in addition to the final reading of the same index for France the second largest economy in the region, which may reflect the stability of stability at zero against a contraction of 0.4%.

On the other hand, we have followed yesterday the European Commissioner for trade, Cecilia Malmstrom, saying that the Union is likely to approve the trade agreement with the United States, amid reaffirming that the Union will respond to any increase in US tariffs on European cars, and in another context, Also yesterday European Chief Negotiator , Michel Barnier, said that the Union is ready for the scenario of Britain's exit without an agreement.

Barnier also said that the United Kingdom alone is responsible for the decision to leave the European Union and that it is up to the country to find a way out of the current position. In the same context, German Chancellor Angela Merkel said yesterday that the European Union will not be able to find a way out of the impasse of the exit file of the United Kingdom Of the European Union alone, while also she demanded that the British parliament should tell the European Union what they want.

On the other hand, markets are looking for the US economy to release the Unemployment Insurance Weekly Claims, which may reflect a rise of 2 thousand requests to 225 thousand applications, in conjunction with the reading of the index of import prices, which may reflect a rise of 0.3% compared with 0.5% decline in January , Before the reading of New Residential Sales index, which could rise 0.2% to 622K versus a rise of 3.7% at 621K in December.