EUR / USD falls clearly below 1.33 - Data for European economic sentiment can not convince

The pair EUR/USD has fallen clearly back below the mark of 1.3300 today. Although the data on the economic sentiment for Germany, as well as for the entire euro area were positive and even exceeded forecasts, showed that the confidence of investors is still not been recovered in the economic development of the countries of the common currency. Although the figures show that the end of the recession is in outlook, there are still some problems to overcome. For example, in Greece the question is still in the room, if the country manages will get the national debt under control through reforms or whether a further haircut is necessary. In other southern countries of the euro area, although some reforms have already been implemented, but a visible success is slow in coming on.

That investor confidence in the euro is still low, was particularly after the publication of the monthly U.S. retail sales. While these reflecting the forecasts on average, the USD could clearly benefit from them. The pair EUR/USD fell below with the mark of 1.33. Currently the pair is trading at 1.3260, which represents a decrease of 0.30%.

Even compared to its other counterparts, the U.S. dollar was able to record profits. The pair USD/JPY rising 1.36% and currently stands at 98.21. USD/CHF rose by 0.78% and the current rate is currently at 0.9330.

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