Home / Forex & Currency Exchange News / EUR/USD Jumps After US Inflation Misses Expectations

EUR/USD Jumps After US Inflation Misses Expectations

EUR/USD rose sharply today after the US inflation report came out worse than was expected. The miss was not big, but it was enough to propel the currency pair higher.

CPI rose 0.2% in August, the same as in July. Analysts had expected a bit bigger increase by 0.3%. (Event A on the chart.)

Initial jobless claims ticked down from 205k to 204k last week, reaching the lowest level since December 1969. That is instead of rising to 210k as experts had predicted. (Event A on the chart.)

Treasury budget deficit increased from $76.9 billion in July to $214.1 billion in August. Specialists had predicted a smaller increase to $169.8 billion. (Event B on the chart.)

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

Posted on Forex blog. Click Here For Original Source Of The Article

About Louie Lewis

Louie Lewis
Successful forex trading starts with you first. Then comes the actual strategies and techniques. I have been involved with forex and forex trading for a few years now. It is a wonderful way to build wealth. The learning never stops and I want to help others along their journey into this wonderful market of opportunity.

Check Also

EURUSD Bull Recovery Remains Intact But With Caution

By FXTechStrategy.com EURUSD bull recovery remains intact as more strengthen is envisaged. However, with price hesitation seen on Friday that strength may subside a bit. On the upside, resistance comes in at 1.1600 level with a break through there opening the door for more upside towards the 1.1650 level. Further up, resistance lies at the […]

Leave a Reply

Your email address will not be published.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