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EUR/USD Falls as Dollar Sell-Off Halts

EUR/USD fell today as the dollar was rebounding after the previous sell-off. Market analysts named several possible reasons for the rebound. One of them was subsiding fears between China and the United States as the two countries were negotiating about a trade agreement. The other were month-end flows as investors were converting their earnings into the US currency.

S&P/Case-Shiller home price index rose 6.4% in January, year-on-year. That was a faster pace of growth than 6.1% predicted by analysts and 6.3% registered in December. Month-over-month, the index rose 0.3%.

Consumer confidence dropped to 127.7 in March from 130.0 in February (revised down from 103.8). That is instead of an increase to 131.2 anticipated by economists.

Richmond Fed manufacturing index dropped from 28 in February to 15 in March, below the forecast value of 23.

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

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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.

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