EUR/USD fell today amid speculations that the European Central Bank will ease its monetary policy in December while the Federal Reserve may start monetary tightening. The policy outlook led to the drop of the currency pair even though economic data released from the United States over the trading session was not good.
Import prices fell 0.5% in October compared to a 0.1% drop predicted by experts. Export prices dropped 0.2 percent. Both import and export prices declined 0.6% in September. (Event A on the chart.)
Wholesale inventories rose 0.5% in September while analysts had predicted no change. The August’s growth was revised from 0.1% up to 0.3%. (Event B on the chart.)
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