EUR/USD continued to rally as the
Crude oil inventories increased by 1.1 million barrels last week after rising 1.4 million the week before while analysts had predicted a drop by 1.3 million. At the same time, total motor gasoline inventories dropped by 2.8 million barrels. (Event A on the chart.)
Treasury budget posted a deficit of $112.8 billion in July after logging a surplus of $6.3 billion in June. That is compared to the predicted shortage of $119.0 billion. (Event B on the chart.)
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