Day: December 27, 2016

EUR/USD Trades Positively on Positive US Fundamentals

The euro added momentum against the greenback during today’s trading session after some better-than-expected macroeconomic indicators had been released in the United States. The positive mood in the financial markets has contributed to the risk-on sentiment, which is hurting the USD. S&P/Case-Shiller home price index added 5.1% in October compared to the same month a year ago. The growth was slightly above both the expectations and the last month’s value — 5.0%. (Event A on the chart.) […]