- The dollar remains negative in the market, although the fall moderated.
- EUR / USD hit the 1.2130 zone before changing direction.
The EUR / USD is rising on Friday and at the moment remains above 1.2100, ahead of the minutes of the European Central Bank (ECB) and US economic data The pair climbed to 1.2129, the highest level in two days before falling back towards 1.2100.
The rise of the EUR / USD occurred before a general fall of the dollar in the market. The dollar index (DXY) is at 90.50 / 55, moving away from 91.00. The decline in the yields of the Treasury bonds and the rebound in the stock markets are being factors that favor the weakness of the dollar. The 10-year rate, which had hit 1.70%, is at 1.63% on Friday.
The minutes of the last ECB meeting. This meeting did not have great news, but a lot of action is expected for the June meeting, which is why analysts will look for signs to see what the central bank may announce soon.
In the US, the economic calendar presents a lot of important information. At 12:30 GMT, the April retail sales report (consensus: + 0.8%) and the import price index will be released. Later, it will be the turn of April industrial production (+ 0.8%) and wholesale inventories. In addition, the preliminary reading of the consumer confidence index from the University of Michigan for May will be released. Keep in mind that lately the US data is having an influence on the market.
Technical levels
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