EUR/USD Drops on Euro Data, Recovers on US News

The US dollar rose against the euro following bad news from the eurozone today and lost some of the gains following poor reports from the United States. German unemployment growth in September (event A on the chart) and eurozone September core CPI (event B on the chart) were the biggest factors for the currency pair today.
S&P/Case-Shiller index in the US national form rose at an annual rate of 5.6% in July. The annual growth in June was 6.3%. (Event C on the chart.)
Chicago PMI fell from 64.3 to 60.5 in September. The traders expected a smaller decline — to 62.0. (Event D on the chart.)
Consumer confidence fell to 86.0 in September. Its value was at 93.4 (revised up from 92.4) in August. Median forecasts pointed at a change to 92.5. (Event E on the chart.)


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