The major currency pair is back to some active movements; investors’ interest in the USD reduced.
EURUSD is rising on Thursday afternoon. The current quote for the instrument is 1.1390.
The economic calendar will “revive” only in the evening. Investors should pay attention to the weekly Unemployment Claims report along with the HPI (October) and the CB Consumer Confidence (December).
The hottest potato for investors right now is Jerome Powell’s future as the US Federal Reserve Chairman. At first, the US President Donald Trump said that he was considering firing the regulator’s head, because he was very upset by the FOMC decision to increase the key rate in December. Later, Trump told the media that he had never said anything like that. After that, The Wall Street Journal published an article, which stated that Powell would remain as a Chairman at the 100% credible level and maintained that he and Trump had only political controversy.
It all seems like a very American drama that came out of the blue. It was Trump who appointed Powell to this position and no one has any doubts that he knew perfectly well Powell’s views and opinions on the monetary policy. Later, Trump systematically criticized Powell’s activities as the FOMC Chairman, although he was the person to approve the monetary policy pursued by the American regulator in the first place.
There is an opinion that by confronting Jerome Powell the White House is just trying to distract attention from other thorny issues.
Orgin: RoboForex
