The Euro dipped on Friday. A study also found that German business morale fell. This is the sixth month in a row this has happened, and it is showing no signs of recovery. The Australian dollar has rebounded and this came shortly after China rejected the import of their oil. Weak data has undermined some level of support for the Euro. This has edged lower but it does remain in positive territory. It hit a two-week high on Wednesday and this was eased by the US and China conflict. Analytics that assess the Euro’s prospects really are focused on whether or not a slowdown on the growth is likely to be protracted or not. In the end, it is mainly the idea of stuttering growth in Germany that is having a huge impact on the EUR outlook. Traders are going to scrutinize comments that were made by Mario Draghi on Friday and this is especially the case if they happen to elaborate on any of the plans regarding monetary easing.
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The dollar rebounded after falling by over 1%. This happened on Thursday when Reuters reported the port of Dalian banned imports of Australian coal. China have stated that the imports will continue for coal indefinitely, but they are going to step up their game when it comes to foreign cargoes. It’s also important to know that the dollar has traded flat against a ton of major currencies. The data has shown a very high level of decline. This is especially the case if you take a look at core goods and capital products. This has really bolstered the expectations that the FED have, and they are working hard to try and keep things as steady as possible at the moment.
Investors are also watching over the levels of talks that investors are having. There is a week before the US-Deadline for an agreement expires and this is regarding their talks with China. When you look at the economic outlook, you will soon find that it is foggy and that central banks are really accommodative when it comes to a few months ago. The US and China trade talks however seem to be the primary concern for a lot of traders, and only time will tell if anything happens here.