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EUR/USD Advanced as Home Sales Decline

August 29, 2011 (Last updated on January 10, 2013) by

EUR/USD jumped at today’s trading session as the optimistic speech by Federal Reserve Chairman Ben S. Bernanke improved market sentiment, but was declining afterwards. The currency pair jumped in the middle of the session, but currently falls again.

Personal income and spending increased in July. Personal income grew 0.3%, exactly as analysts predicted, following the increase by 0.2% in June (revised from 0.1%). Personal spending increase by 0.8% after falling 0.1% in the previous month (revised from 0.2%), while the median forecast was 0.5%. (Event A on the chart.)

Pending home sales fell 1.3% in July, more than expected 0.8%. The sales grew 2.4% in June. (Event B on the chart.)

EUR/USD for 2011-08-29

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