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EUR/USD Rises During Tuesday’s Trading

September 25, 2018 (Last updated on September 26, 2018) by

EUR/USD rose on Tuesday. US macroeconomic data was mostly good, with the exception of the housing report, but that did not prevent the rally of the currency pair.

S&P/Case-Shiller home price index rose 5.9% in July, year-on-year. That is compared to the predicted increase of 6.2% and the growth by 6.4% registered in June. Month-on-month, the index rose 0.3%. (Event A on the chart.)

Consumer confidence climbed to 138.4 in September from the August revised reading of 134.7. Analysts had predicted a decline to 132.2. (Event B on the chart.)

Richmond Fed manufacturing index rose from 24 in August to 29 in September instead of falling to 22 as experts had forecast. (Event B on the chart.)

On Friday, a flash report on Markit manufacturing PMI and Markit services PMI in September was released, showing an increase from 54.7 to 55.6 for the former and a decline from 54.8 to 52.9 for the latter. (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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