EUR/USD (current price: 1.0900)
Volatility declined significantly in the pair yesterday. Financial markets settled down after the historic surprise on the U.S. presidential election, while the Dollar remained strong. The pair declined further throughout the day, although it trades slightly higher today in early trading. French Industrial Production missed expectations with a decline of -1.1% in October, while the Italian number was slightly better than expected. The Eurozone economy remains weaker than its U.S. counterpart.
Our assessment: The pair might bounce higher today, as markets could be less volatile, although the Dollar still seems strong.
