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October 22, 2020 11:54 am

EUR/USD. October 22, 2020 – Euro declines towards 1.1800

On Thursday, the EUR/USD pair is declining moderately, continuing the dynamics of the previous day. The current quote for the asset is 1.1817. The macroeconomic calendar is practically empty today, all the market's attention is directed to what is happening in the US Congress.


A week and a half before the presidential election, the White House came close to concluding an agreement on a new stimulus package for the American economy. D. Trump said yesterday that he was ready to allocate $2.2 trillion to support the economic system, contrary to the intentions of his own Republican Party.


Thus, the fiscal support of the United States will definitely be carried out regardless of whether Trump or Biden takes the presidency in November.


Today we should pay attention to the publication of data on the consumer confidence index in the euro zone for October, where there may be a slight deterioration in the indicator from 13.9 points to 15 points. The US is to release September data on home sales in the secondary real estate market and statistics on the number of initial claims for unemployment benefits. Experts predict a slight decrease in the indicator.


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