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Dollar Gains on Euro, Ignoring Negative Reports

March 13, 2015 by

EUR/USD retreated back to its previous lows following yesterday’s rally. The dollar managed to gain on the euro even though Friday’s economic data from the United States was far from good.

PPI fell 0.5% in February after dropping 0.8% in January. Economists have hoped for a 0.2% increase. (Event A on the chart.)

Preliminary Michigan Sentiment Index dropped from 95.4 to 91.2 in March instead of rising 95.6 as analysts were promising. (Event B on the chart.)

EUR/USD for 2015-03-13

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