EUR/USD Advances Extremely Fast, Ignores Reports

EUR/USD went up for a second day today and the gain is currently the biggest one since the early February. The today’s reports, that were quite neutral, haven’t had any important impact on the actual trading. EUR/USD is trading near 1.2815 currently.
Crude oil inventories advanced by 0.7 million barrels last week after decreasing by the same amount a week before.
U.S. treasury budget deficit was at $192.8 billion in February — worse than $175.6 billion deficit reported in February 2008.Analysts expected $205 billion deficit from this report.

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