EUR/USD. January 15, 2020 – Euro weakly grows to 1,1150
The pair EUR/USD today is growing moderately to around 1,1150 in anticipation of the signing of the first phase trade agreement between the US and China. It is noted that although the States are still ready to halve 15% duties on Chinese goods worth $120 billion, duties on the remaining $360 billion of Chinese imports will remain at a rate of 25%.
This suggests that the parties failed to reach an agreement on the main trade issues, which could cool the optimism of investors in the future.
Today, the European currency was supported by data on the industrial production of the eurozone. The indicator grew by 0.2% in November, in contrast to the fall of -0.9% in October. Nevertheless, recent data turned out to be worse than analysts' forecasts, expecting an increase of 0.3%. Thus, the EUR/USD pair will continue to grow moderately throughout the day.