EUR/USD retreated back to its previous lows following yesterday’s rally. The dollar managed to gain on the euro even though Friday’s economic data from the United States was far from good.
PPI fell 0.5% in February after dropping 0.8% in January. Economists have hoped for a 0.2% increase. (Event A on the chart.)
Preliminary Michigan Sentiment Index dropped from 95.4 to 91.2 in March instead of rising 95.6 as analysts were promising. (Event B on the chart.)
If you have any comments on the recent EUR/USD action, please reply using the form below.
