Day: April 16, 2014

EUR/USD Halts Rally, Attempts to Recover

EUR/USD was rising at the beginning of today’s trading session but reversed its movement after data showed that the core components of the eurozone inflation gauge weakened. (Event A on the chart.) The currency pair attempts to recover and trades above the opening level as of now. Data from the United States was mostly positive and does not allow the euro to gain too much on the dollar. Both housing starts and building permits increased in March. Housing […]