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EUR/USD Stable During Holiday Trading

December 26, 2017 (Last updated on December 27, 2017) by

EUR/USD was stable today as trading continued to be thin during the Christmas and New Year holiday period. Economic data in the United States was mixed. The housing market continued to show strength, while the manufacturing sector demonstrated slower growth.

S&P/Case-Shiller home price index rose 6.4% in October, year-on-year. That was a faster growth than was predicted by analysts (6.3%) and registered in the previous months (6.2%). Month-over-month, the index was up 0.2%. (Event A on the chart.)

Richmond Fed manufacturing index fell to 20 in December from the record high level of 30 in November. The median forecast was at 22. (Event B on the chart.)

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