Regarded as one of the major currency pairs, the EUR/USD pair is trading at a marginally higher level at 1.1050. As far as the markets are concerned, the speculators and traders are highly optimistic that the United States-Sino trade related war will not escalate further.
The pair will likely advance since France has recorded a hike of 0.4 percent in its industrial output figures of October month. On the other hand, the exports figure from Germany has also increased for the month of December. In the U.S., it is likely that Washington will not slap fresh tariffs upon Beijing in their upcoming meeting on 15th of December. It must be noted that officials in China have requested the United States to drop the trade war and resolve the issue by signing an agreement.