EUR/USD Climbs on German Economic Sentiment & Spanish Bond Auction

EUR/USD climbed today, rising for the second day, as the German business sentiment index jumped sharply and the Spanish bond auction ended with positive outcome. The ZEW Indicator of Economic Sentiment for Germany demonstrated an astounding increase by 22.6 points to 6.9 this month. (Event A on the chart.) Spain sold €3.9 billion of debt, exceeding the target of â‚¬3.5 billion.
US trade balance deficit was at $42.2 billion in October, rising from $40.3 billion in September (revised from $41.5 billion). The actual value was in line with analysts’ expectations of $42.7 billion. (Event B on the chart.)
Wholesale inventories grew 0.6% in October, matching the forecast of 0.5%. The September increase was 1.1%. (Event C on the chart.)


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