EUR/USD currency pair moves up and down today as economic data from the US was mixed. Consumer price index grew more than predicted but preliminary report about the Reuters/University of Michigan Consumer Sentiment posted an unexpected decline. EUR/USD trades currently near 1.3060.
CPI indicator increased 0.3% in August on a seasonally adjusted basis. The growth was the same as in July, while somewhat smaller increased was predicted â 0.2%.
University of Michigan consumer sentiment index decreased from 68.9 to 66.6 in September according to the preliminary report released today. It was unpleasant surprise to Forex traders, who expected an increase to 70.2.
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