FX.co ★ Review of EUR / USD for March 7, 2018

The production orders in the US declined by 1.4% with a forecast of 1.3%, so that the growth of the single European currency is fully justified. However, today after noon, the euro will be under pressure, as the final GDP data for the fourth quarter should confirm the fact of a slowdown in economic growth from 2.8% to 2.7%. But within a few hours the growth, of the single European currency will resume with a new force. The ADP report can show employment growth of 195 thousand versus 234 thousand in the previous month. Labor productivity in the US for the fourth quarter of 2017 should show a decrease of 0.1%. Also, the volume of consumer lending is expected to reach $ 17.9 billion, while in the previous month it amounted to $ 18.5 billion. In other words, all indicators show a slowdown in the dynamics, which will render the dollar a disservice.

By the end of the day, the euro / dollar pair will grow to 1.2475.