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EUR/USD Declines, Bounces Back to Opening Later

January 14, 2020 (Last updated on January 15, 2020) by

EUR/USD was falling today but by now has bounced to trade close to the opening level. Trading was relatively quiet as the session was light in terms of news and macroeconomic data in the United States.

CPI rose by 0.2% in December, matching forecasts exactly. The index was up 0.3% in the previous month. (Event A on the chart.)

Yesterday, a report on treasury budget balance was released, showing a decline from $208.8 billion in November to $13.3 billion in December. Nevertheless, the actual reading was better than a deficit of $5.0 billion predicted by economists. (Not shown on the chart.)

If you have any comments on the recent EUR/USD action, please reply using the form below.

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