EUR/USD reached flash highs today, rising to the strongest level since August 2015, after the European Central Bank monetary policy decision (event A on the chart) and the
As for US economic data, it was mixed today. Jobless claims and leading indicators were better than expected, but the manufacturing index demonstrated a
Initial jobless claims fell from 248k to 233k last week. Analysts expected the indicator to be little changed at 245k. (Event B on the chart.)
Philadelphia Fed manufacturing index slumped from 27.6 in June to 19.5 in July, far below the forecast level of 23.4 and to the lowest since November. (Event B on the chart.)
Leading indicators climbed 0.6% in June, demonstrating faster pace of growth than the predicted 0.4% and the previous month’s revised rate of growth of 0.2% (0.3% before the revision). (Event C on the chart.)
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