EUR/USD. October 20, 2020 – Euro continues to rise above 1.18 The European currency continues to strengthen, following the dynamics of yesterday. The current quote for the EUR/USD pair is 1.1805. Market participants were actively selling the dollar on expectations of an early agreement on fiscal stimulus in the United States. On Sunday, House speaker Nancy Pelosi announced that if a decision on the issue of incentives is not made within 48 hours, the deal will not take place. The euro was further supported by the comments of Christine Lagarde. The head of the ECB noted that she considers it necessary to leave the volume of the economic recovery fund in the amount of 750 billion euros. However, the strengthening of the euro above 1.1850 is not yet considered, as the epidemiological situation in Europe remains extremely tense. Today you should pay attention to the publication of data on construction in the United States. Experts predict an increase in the number of building permits issued from 1.476 million to 1.52 million.