April 26th, European session

In trading in Europe, the euro, the Japanese yen and the Swiss franc moved into negative territory. The Australian and New Zealander continue to occupy the first two lines on the podium. AUD/USD rose 0.53% to 0.7790, NZD/USD rose 0.38% to 0.7222.

The euro lost its morning gain, falling in price to 1.2074. Business confidence in German businesses improved less than expected in April as Germany was hit by the third wave of COVID-19 infections and new restrictions were imposed by the authorities.

Business confidence rose to 96.8 in April from 96.6 in the previous month (forecast was 97.8). The index of current conditions was 94.1 against 93.1 in March (the forecast was 94.4). The expectations index fell to 99.5 from 100.3 a month ago (the forecast was 101.3).

The EUR/USD pair is moving towards the 45th degree (1.2062), although buyers have plans to renew the high and rise to the February peaks at 1.2243 (February 25).

Durable goods orders in March amounted to 0.5% (the forecast was 2.5%, the previous value was -0.9%). Durable goods orders, excluding transport, accounted for 1.6% in March (the forecast was 1.6%). Durable goods orders excluding the defense industry in March amounted to 0.5% against the previous value of -0.4%.

The overall figure did not meet market expectations, however, the dollar index rose to 90.95 points. The focus of the market is at the meeting of the US Federal Reserve, which will end on Wednesday. No policy changes expected. Investors will pay close attention to the comments of Chairman Jerome Powell.

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