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EUR/USD Little Changed Ahead of Easter

April 10, 2020 by

EUR/USD rose today but the gains were extremely small. Trading was subdued as most of the major markets were closed ahead of the Easter holiday. Despite that, there were two economic reports released in the United States today.

US CPI fell 0.4% in March, slightly more than analysts were expecting — 0.3%. The index was up 0.1% in the previous month. (Event A on the chart.)

Treasury budget deficit narrowed from $235.3 billion in February to $119.1 billion in March and was below the analysts’ median projection of $135.0 billion. (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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