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EUR/USD Drops on Trade Tensions, Interest Rate Speculations

November 27, 2018 by

EUR/USD dropped today for the third consecutive day. Some analysts speculated that is because US President Donald Trump threatened additional sanctions against China, while others argued that the drop was result of comments from Federal Reserve Vice Chairman Richard Clarida, who backed the idea of additional interest rate hikes.

S&P/Case-Shiller home price index rose 5.1% in September, year-on-year. That is a slower rate of growth than 5.3% predicted by analysts and 5.5% registered in August. (Event A on the chart.)

Consumer confidence dropped to 135.7 in November from 137.9 in October, far below the forecast level of 136.2. (Event B on the chart.)

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

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