The US dollar strengthened against the euro today following poor business sentiment releases from Europe and quite optimistic macroeconomic reports from the United States. The currency pair halted its growth yesterday after setting the highest price level since early May and is now heading down in a correction.
US current account balance deficit tightened to $117.4 billion in second quarter of 2012, while the figure for the previous quarter was revised from $137.3 billion to $133.6 billion. The market participants expected the deficit to decrease to $125 billion. (Event A on the chart.)
Net foreign purchases of the
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