EUR/USD jumped today, following the
ISM manufacturing PMI rose from 49.5% in November to 50.7% in December, rising above the neutral 50.0 level. Analysts have expected a modest increase to 50.2%. (Event A on the chart.)
Construction spending dropped 0.3% in November from October. The drop was completely surprising as market participants have anticipated a 0.6% rise. Moreover, the October reading of 1.4% was revised negatively to 0.7%. (Event A on the chart.)
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