EUR/USD Loses Gains, Trades Near Opening Level

EUR/USD rose at the start of Monday’s session but reversed movement at 10:45 GMT and continued to fall after the better-than-expected manufacturing report released in the United States. Currently, the currency pair trades near the opening level.
NY Empire State Index rebounded to 4.3 in July from -8.6 in June. Analysts were expecting a more modest gain to 1.6. (Event A on the chart.)
On Friday, a report on PPI was released, showing an increase of 0.1% in June, the same as in May and in line with expectations. (Not shown on the chart.)

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