The Euro is keeping balance. Overview for 26.02.2020

The major currency pair is barely participating in global risk aversion.

On Wednesday morning, EURUSD is slightly falling, although fundamentally the pair is quite stable. The current quote for the instrument is 1.0877.

The statistics published yesterday showed that the HPI in the USA added 0.6% m/m in December after expanding by 0.3% m/m in November and against the expected reading of +0.4% m/m. 

The Conference Board Consumer Confidence improved up to 130.7 points in February after being 130.4 points in the previous month and against market expectations of 132.6 points. The index is calculated based on surveys of a great number of households and may be considered as a leading indicator. 

Global investors continue “running away” from risks as they are still very concerned about the active transmission of the coronavirus. The disease is actively spreading in Italy, but so far has no influence on the European currency. However, one shouldn’t ignore any news that is related to the issue. 

There won’t be a lot of significant numbers today. In the evening, the USA is scheduled to report on the New Home Sales in January, which is expected to improve due to a seasonal factor. If so, it may support the American currency.