EUR/USD Little Changed Despite Disappointing Eurozone Inflation, Positive US Data

EUR/USD was little changed today even after the inflation print released in the eurozone came out below expectations (event A on the chart), while US macroeconomic indicators surprised positively.
Philadelphia Fed manufacturing index jumped from the revised reading of 9.1 in December to 17.0 in January. Analysts had predicted a much smaller increase to 9.7. (Event B on the chart.)
Initial jobless claims fell from 216k to 213k last week instead of rising to 219k as experts had predicted. (Event B on the chart.)

If you have any comments on the recent EUR/USD action, please reply using the form below.

Leave a Reply

Your email address will not be published. Required fields are marked *

+ eighty seven = eighty nine