Day: December 30, 2015

EUR/USD Declines Despite Poor US Home Sales

The dollar rose against the euro today in spite of a rather poor fundamental background coming from the US and minor economic improvements reported in the eurozone. Overall, the trading range is very narrow today due to the upcoming New Year holiday. Pending home sales fell by 0.9% in November after rising by 0.4% in October (revised up from 0.2% growth). A growth of 0.6% had been predicted by the market strategists. (Event A on the chart.) US […]