The euro jumped against the dollar today with improving outlook for global recovery. Today we had only one report: about treasury budget. It showed that budget deficit significantly shrank in August. EUR/USD trades now at 1.2871.
US treasury budget posted a deficit of $90.5 billion in August, compared with the previous reading of $165 billion. The forecast deficit was $102.5 billion.
On Friday a report on wholesale inventories was released, which showed a growth by in 1.3% in July, following 0.4% advance in the month before.
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