Greece plans to submit Troika the document on the loan program extension, which is quite natural and logical, since the country is in the pre-crisis state. However, the authorities of Athens reject new austerity measures to stimulate the economy, though it is the main condition for lending. The parties may agree though, and the European currency may be supported.
The Thursday’s U.S. statistics on the number of applications for unemployment benefits were stronger than expectations of experts, supporting the U.S. dollar. The negative impact of FOMC minutes turned out to be a short-term phenomenon, as members of the committee have not considered the unemployment rate for the last month to be strong.
The British statistical data on retail trade may affect the sterling fluctuation. Powerful indicators will help the GBPUSD pair regain its position. Macroeconomic indicators for Germany and the Eurozone can change the sentiment in the euro. Nevertheless, serious fluctuations should not be expected.
