While EUR/USD was trying to keep going up after the Federal Reserve policy announcement yesterday, it has retreated by the end of Wednesday’s session and continued to sink lower today. Economic data from the United States was mixed, but there were no reports bad enough to hurt the dollar much.
Philadelphia Fed manufacturing index dropped from 1.9 to -5.9 in December, proving wrong those analysts who had promised an increase to 2.1. (Event A on the chart.)
Initial jobless claims decreased from 282k to 271k last week, and this indicator matched forecasts exactly. (Event A on the chart.)
Current account deficit widened to $124.1 billion in Q3 2015 from $111.1 billion in Q2. Again, this time forecasters were spot on with their predictions. (Event A on the chart.)
Leading index rose 0.4% in November — less than in the previous month (0.6%) but more than was predicted (0.2%). (Event B on the chart.)
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