EUR/USD were rising at the first half of today’s trading session and started to decline later, but for now it trades above the opening level. The reports today were generally positive, with the notable exception of the industrial production and capacity utilization that declined in February. EUR/USD trades at 1.3991 now.
Initial jobless claims decreased to 385k from the previous week’s revised figure of 401k, close to the predicted 388k. (Event A on the chart.)
CPI increased slightly to 0.5% in February, on a seasonally adjusted basis, matching the forecasts. It was 0.4% in the previous month. (Event A on the chart.)
Both industrial production and capacity utilization declined this month and were below forecasts. Industrial production declined 0.1% in February after rising 0.3% in January. Capacity utilization rate fell from 76.4% in January to 76.3% in February. That’s compared to predicted 0.7% for production and 76.6% for utilization. (Event B on the chart.)
Philadelphia Fed index increased from 35.9 in February to 43.4 in March, frustrating economists who expected a decline to 29.9. (Event C on the chart.)
Leading indicators increased 0.8% in February, following the 0.1% increase in January. The actual value was near the analysts’ forecast of 0.9%. (Event C on the chart.)
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