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EUR/USD Rises During Monday’s Quiet Trading

August 17, 2020 by

EUR/USD rose on Monday. There were no major events during the session and few macroeconomic reports, thus the Forex market was rather directionless.

NY Empire State Index sank to 3.7 in August from 17.2 in July. That was a nasty surprise considering that analysts had predicted a much smaller drop to 14.6. (Event A on the chart.)

Net foreign purchases were at $113.0 billion in June, down from $118.1 billion in the previous month (revised down from $127.0 billion). Experts had predicted a bigger drop to $108.0 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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