After yesterday's news about the investigation against the former head of the election headquarters of Donald Trump, Paul Manafort, the American dollar surrendered some ground. After making a pledge to $10 million Paul Manafort was released under house arrest, while his deputy had to pay a deposit of $5 million. This scandal has affected the administration of the White House, which is currently trying to promote a new tax reform, which in turn affected the stability of the reserve currency. In addition, caution against the dollar by investors is also associated with waiting for the appointment of a new head of the Federal Reserve.
Trying to strengthen the euro, there is currently data being released which shows a mixed trend. The unemployment rate fell by 8.9% compared to the projected 9%. However, the consumer price index was lower than projected, and this index is a leading indicator of inflation. So we cannot observe unequivocal support in favor of the single currency.
The situation in Spain has cooled somewhat, after the Parliament of Catalonia in accordance with the decree of the Spanish government was dissolved. At the moment the former leaders of the declaration of independence have been added to the wanted people list.
Overall, right now we have a delicate balance between the quotations of major currencies.
