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EUR/USD Retreats Sharply After Attempting to Rally

July 18, 2019 by

EUR/USD rose intraday but fell sharply later. The currency pair was trading in a range afterward.

Philadelphia Fed manufacturing index jumped sharply from 0.3 in June to 21.8 in July. Analysts had predicted a much more modest growth to 5.0. (Event A on the chart.)

Initial jobless claims were at the seasonally adjusted level of 216k last week, matching forecasts exactly, up from 208k the week before. (Event A on the chart.)

Leading indicators declined 0.3% in June following no change in May. Experts had forecast an increase of 0.1%. (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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