EUR/USD Attempts to Erase Today’s Losses

EUR/USD gradually rises after falling earlier today. It looks like the currency pair will be struggling to rise after such fast rally. EUR/USD trades now at 1.3948 after slumping previously to 1.3831.
Net foreign purchases of the long-term US securities was at $128.7 billion in October, above $61.2 billion reported for September and above the forecast value of $47.5 billion.
Industrial production decreased 0.2% in September after having increased 0.2% in August. The forecast change was a 0.3% increase. The Industrial production for total industry went down to 74.7%, while market participants expected it to stay at the revised previous reading of 74.8%.

If you have any comments on the recent EUR/USD action, please, reply using the form below.$128.7 billion in October