A day before New Years Eve, there are a few events that will move the currencies on the continued thin trading. Chicago PMI will stand out. Let’s see what’s up for today:
In Europe, M3 Money Supply will be released. The slow growth in the amount of money is also hurting the Euro. Last month’s 0.3% growth is expected to be followed by a 0.4% growth rate this time.
For more on the Euro, read the EUR/USD forecast.
In Switzerland, the KOF Economic Barometer is predicted to edge up from 1.62 to 1.73 points, helping USD/CHF go down.
American Chicago PMI was quite good in recent months. After rising to 56.1 points, it’s predicted to ease and fall back to 55.2.
That’s it for today. Happy forex trading!
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