EUR/USD declined today for the second day, though the drop is slowing currently, as the social unrest in Egypt intensified as President Hosni Mubarak refused to step down. The US reports were in line with analysts’ forecasts and haven’t showed anything important. EUR/USD trades currently at about 1.3558.

US trade balance posted a deficit of $40.6 billion in December, up from $38.3 billion in November, revised. The actual reading was in line with forecasts that promise a deficit of $40.4 billion. (Event A on the chart.)

Preliminary Michigan Consumer Sentiment advanced from 74.2 in January (revised from 72.7) to 75.1 in February. Analysts almost guessed the actual value, expecting a value of 74.8. (Event B on the chart.)

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