EUR/USD bounced a little after touching the session low but remained below (but close to) the opening level during Monday’s trading. The dollar remained firm even though today’s US economic data was not supportive for the currency.
Treasury budget deficit shrank to $52.9 billion in March from $192.3 billion in February. Still, the actual budget shortage was bigger than the predicted $43.1 billion. (Event A on the chart.)
On Friday (April 10), a report on import and export prices was released. Import prices fell 0.3% in March, close to the forecast decrease of 0.4%, after rising 0.2% (revised from 0.4%) in February. Export prices ticked up 0.1% following the 0.2% drop in the prior month. (Not shown on the chart.)
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