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EUR/USD Falls on Wednesday

January 23, 2019 by

EUR/USD fell during Wednesday’s trading. Analysts pointed at several possible reasons for the drop, including the continuing government shutdown in the United States and cancellation of trade talks between the USA and China scheduled for this week. As for macroeconomic data, the government shutdown means that there will be few reports this week.

Richmond Fed manufacturing index rose from −8 in December to −2 in January, matching forecasts exactly. (Event A on the chart.)

Yesterday, a report on existing home sales was released, showing a drop to the seasonally adjusted rate of 4.99 million in December from 5.33 million in November. Analysts had predicted a higher figure of 5.27 million. (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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