Day: May 1, 2015

EUR/USD Retreats, Erasing Session Gains

EUR/USD was rising for the most part of the current trading session but retreated to its opening level as of now. It was an unexpected turn of events as soft economic data from the United States and signs of progress in talks between Greece and its European creditors should have supported the currency pair. Markit manufacturing PMI fell to a three-month low of 54.1 in April from March’s 55.7, in line with expectations. (Event A on the chart.) ISM […]