EUR/USD was unable to keep yesterday’s gains, falling today more than it had risen during the previous trading session. Economic data from the United States was not very good, therefore it was not the reason for the dollar’s gains versus the euro. The most likely reason for such behavior was fears of the Brexit and possible ramifications for the European economy.
CPI rose 0.2% in May, failing to meet market expectations of an increase by at least 0.3%. It was also below the previous month’s rise of 0.4%. (Event A on the chart.)
Philadelphia Fed manufacturing index climbed from -1.8 to 4.7 in June. The analysts’ median forecast was at 1.1. (Event A on the chart.)
Initial jobless claims jumped from 264k to 277k last week, exceeding the forecast of 267k. (Event A on the chart.)
Current account deficit was at $124.7 billion in the first quarter of 2016, matching forecasts exactly, up from $113.4 billion fourth quarter of 2015. (Event A on the chart.)
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