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Forex blog posts about construction spending are presented here. You can click the selected excerpt's title to continue reading on 'construction spending'.

EUR/USD Falls on Payrolls, Recovers on Construction Spending

April 1st, 2011

The very good US nonfarm payrolls pushed EUR/USD down today. Yet currently the currency pair attempts to rebound after the construction spending report provided the reading that was much worse than predicted. EUR/USD trades now at 1.4093 after it dropped earlier to 1.4064.

US nonfarm payrolls grew …

EUR/USD Goes Higher as Construction Spending Contracts

March 1st, 2011

EUR/USD advanced today as the signs of slower economic recovery in the US spurred the speculation that the Federal Reserve will stick to its quantitative easing program, while the European Central Bank may raise its interest rates. Some analysts think, though, that the talks about higher interest rates in Europe aren’t …

Investors Prefer Risk, Keeping EUR/USD Going Higher

February 1st, 2011

EUR/USD continues its rally as investors still favor riskier assets despite troubles in Egypt. The dollar attempt to advance after the report showed that US manufacturing continues to expand, but the rise was short-lived partly, perhaps, as construction spending dropped significantly instead of rising, as was predicted. EUR/USD trades near …

EUR/USD Falls as Manufacturing & Construction in US Expand

January 3rd, 2011

EUR/USD currency pair declined today on concerns that debt problems would hamper attempts of governments and banks in the European Union to raise funds. There weren’t many economic from the US today, but the ones that were released showed positive tendencies in the economy. EUR/USD trades now at about 1.3319 after …

EUR/USD Jumps with Anticipation of ECB Meeting

December 1st, 2010

EUR/USD jumped today on hopes that tomorrow’s meeting of the European Central Bank’s Governing Council will help to find solution to European debt crisis. Most analysts, though, aren’t convinced that any significant change of the situation will follow the meeting and think that the rally is short-lived. US economic reports …

EUR/USD Falls as US PMI & Construction Spending Grows

November 1st, 2010

EUR/USD dropped today as reports showed that construction spending and manufacturing in the US unexpectedly increased. Reports about personal income and spending were worse than expected, on the other hand. There are no releases tomorrow, yet the senate elections, which will occur tomorrow, may have far reaching consequences …

Second Day of Better-Than-Expected Data from US, EUR/USD Up

October 1st, 2010

EUR/USD extended its rally today as outlook for Europe’s economy improves and talks about quantitative easing in the US persist. Today’s reports make one question necessity of additional stimulus as data was better than analysts predicted. EUR/USD trades now at 1.3753.

Personal income and spending grew in August. Personal income …

EUR/USD Rises on US Unemployment & Construction Spending

September 1st, 2010

The dollar declined versus the euro today after ADP unemployment rate and total construction spending posted readings that were noticeably worse than expected. Manufacturing also showed surprising result, only this time it was positive surprise. EUR/USD trades currently at 1.2818.

ADP unemployment rate posted …

US Manufacturing Growth Slows, Driving Dollar Down

August 2nd, 2010

The EUR/USD rises steadily today after a report showed that European manufacturing is expanding, while US manufacturing growth was slowing. The trend may change, though, as analyst expected even worse results in manufacturing and also were pleasantly surprised by growth of construction spending. EUR/USD trades currently near 1.3163.…

EUR/USD Extends Gains on Unexpectedly Bad Economic Indicators

July 1st, 2010

The EUR/USD currency pair extended its gains today as U.S. macroeconomic indicators left a very unpleasant impression today. The manufacturing sector showed a slowdown in the economic activity and home market confirmed its tremendous weakness, as pending home sales dropped a way more than was expected. Unexpected increase of jobless claims …

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