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EUR/USD Rises After All US Indicators Miss Expectations

September 24, 2019 by

EUR/USD rose today and extended its rally after US data came out universally disappointing.

S&P/Case-Shiller home price index rose 2.0% in July, year-on-year. Analysts were expecting the same 2.2% rate of growth as in June. Mont-on-month, the index was up 0.1%. (Event A on the chart.)

Consumer confidence dropped to 125.1 in September from 134.2 in August (revised down from 135.1). Experts had predicted the indicator to stay unchanged. (Event B on the chart.)

Richmond Fed manufacturing index dropped from 1 in August to −9 in September. Market participants were expecting a small increase to 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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