The EUR/USD behaved rather jumpy this trading session with an early morning monthly peak, a correction after it and then a new wave up until now. The latter was caused by the series of the macroeconomic releases that came out in US today. EUR/USD is currently trading near 1.3370 after rising as high as 1.3456 (record high since December 14) earlier.
Advance report for the US retail sales showed a monthly growth of 0.6% in December 2010, following 0.8% growth a month earlier, while the forecast for this indicator was also at 0.8%.
CPI rose by 1.5% in the United States during the last month of 2010. It surpassed both the previous report’s value (1.1%) and the forecast value (1.3%), providing some optimism to the world markets.
Industrial production and capacity utilization both rose faster than expected in December. By 0.8% and to 76.0% respectively. The forecast for the production was at 0.5%; for the capacity utilization it was at 75.6%.
Preliminary report for the University of Michigan Sentiment Index showed a drop from 74.5 to 72.7 in January. The forecasts predicted a growth to 75.5 instead.
Business inventories went up by 0.2% in November 2010. It was up by 0.8% in October that year and the market participants expected a 0.7% growth in November.
If you have any comments on the recent EUR/USD action, please, reply using the form below.
