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EUR/USD was rising today, but sharply dropped after a report showed that US manufacturing expanded faster than was anticipated. Not everything was good in the United States, though, as construction spending remained almost unchanged. The important employment report will be released tomorrow.

ISM manufacturing PMI…

EUR/USD declined today as investors remained worried even after European lawmakers agreed to increase the protection against the debt crisis. The currency pair movehigher after a report showed that US construction spending unexpectedly declined, but for now remains below the opening level.

ISM manufacturing PMI rose from 52.4% …

EUR/USD was falling today, but attempted to rally after the set of poor economic report from the United States was released. The attempt failed so far. Almost all US fundamental data was worse than anticipated by analysts. One notable exception was unemployments claims that stayed almost …

EUR/USD erased its previous losses today as eurozone manufacturing PMI advanced this month (event A on the chart), suggesting that the situation in Europe isn’t as bad as was thought. US economic data today again was worse than expected, except for the robust growth construction spending.

ADP employment report showed …

EUR/USD jumped today as China’s and US Purchasing Managers’ Index rose, while global stocks rallied, reducing demand for the dollar as a safe currency. The minutes of the FOMC meeting indicated that committee members believe that more stimulative monetary policy may be required in the future.

ISM manufacturing PMI was at 53.9% …

EUR/USD extended its rally after the yesterday’s surge on the announcement of the joint action of the major central banks to make dollars cheaper in swaps among banks. Today, Spain achieved the maximum target in the debt auction, while the yield on the French bonds fell. The data from the United States was positive for the most part, but …

EUR/USD extended its decline for the third straight session today as Greek Prime Minister George Papandreou said he’s going to put the European Union bailout plans for Greece to a referendum. A negative vote may lead to a default of the nation. The reports from the US yesterday and today signaled that the economic growth is slowing. …

EUR/USD fluctuated today, resulting in almost no change from the opening rate at the present time. The threat of a default in Greece continues to undermine the confidence in the shared European currency, boosting the dollar at the same time. Today’s reports reduced concerns about the economy of the US as manufacturing PMI and construction spending were well above expectations.…

EUR/USD extended its slump for the third day as US manufacturing expanded last month, while it was expected to decline, and jobless claims decreased last week. As for negative news, construction spending didn’t rose as was predicted, but showed a noticeable drop.

Initial jobless claims (seasonally adjusted) decreased to 409k …

Despite the improved US real estate data, the dollar went soaring against the euro today, following a worse than expected report from the ISM. The currency pair fell as the global risk appetites decreased on bad US manufacturing sector prospects.

ISM PMI for manufacturing sector was reported at 50.9% in July — down …