EURUSD

December 04
Euro slightly higher, maybe it is a move targeting the high price of 11/27?

In the other overseas market euro / dollar rose again, hoping for a meeting between German Prime Minister Merkel and Social Democratic Party leader Schulz towards the German coalition, recovered 1.19 units again.

Unlike Prime Minister Merkel, who rushed the coalition at the meeting of the party leaders with the president who lasted for more than two hours, remarks from the Social Democratic Party say that they will not rush the coalition. Therefore, there is also a view that at least consultations will continue until about February. Meanwhile, the euro zone manufacturing PMI in November released a little more recently than 60.1 and the prospect of 60.0 in November, the economic situation in Germany and the euro area became optimistic regardless of the political situation and it is underpinning the euro. Early European stock index futures felt almost entirely inexpensive to raise the euro and to postpone the ruling on the US tax reform bill.