Day: May 31, 2016

EUR/USD Falls Sharply to Session Opening

EUR/USD was moving up for the most part of the current trading session but has fallen sharply recently and is trading near the opening level as of now. It is a puzzling behavior considering that the couple of reports released from the United States prior to the drop were disappointing. Personal income and spending rose in April. Income was up 0.4%, the same as in March and matching expectations. Spending increased 1.0%, compared to the forecast of 0.7% […]