The euro was falling against the US dollar during the bigger part of both the European and the American trading sessions. It ignored the US fundamentals but came to a halt after 16:00 GMT, entering a consolidation phase.
Industrial production and capacity utilization both increased in May. Industrial production added 0.6% after declining by 0.5% in April (revised from a 0.1% drop). The indicator was expected to add 0.5% in May. Capacity utilization went up from 77.7% to 78.0%; however, traders were aiming for a growth to 78.4%. (Event A on the chart.)
Net foreign purchases were at $45.6 billion in May, down from $94 billion reported in April. The median forecast pointed at $34.3 billion net transactions. (Event B on the chart.)
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