14 February, 2020
EUR/USD remained on the downside on Friday testing its lowest rate since April 2017 (1.08259). The US dollar remained supported by recent positive economic data in the US. Data yesterday showed that US Inflation rose 2.50% annually in January, beating analysts’ expectations for a rate of 2.40%. Core inflation rose 2.3% annually, exceeding analysts’ expectations for a rate of 2.2%. The US Weekly Initial Jobless Claims came in at 205K, amid expectations for a figure of 210K. Later in Germany, fresh GDP data for quarter four of 2019 will be released at 7:00 GMT. In the Eurozone, Q4 GDP data will be released at 10:00 GMT. In the US, Retail Sales data for January will be released at 13:30 GMT. At 14:15 GMT, US Industrial Production for January will be released, too.