EUR/USD: decision on the interest rate

According to the report submitted by the German institute GfK this morning, the leading index of sentiment in May is expected to grow to 10.2 points from 9.8 points in April (the forecast was 9.9).

The sub index of economic expectations in April rose to 30.5 points against 18.1 points in March, expectations in respect of consumer income in April rose to 57.5 points against 43.4 points a month earlier. The data presented demonstrate the growing confidence of German consumers in the state of their country’s economy. This is important data, as the German economy is the locomotive of the entire European economy, and consumer spending is a significant part of Germany’s GDP.

In response to the publication of such positive data, the euro rose shortly in the foreign exchange market. The pair EUR / USD jumped at the beginning of the European trading session to around 1.0917.

The post EUR/USD: decision on the interest rate appeared first on, الفوركس بالنسبة لك.