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EUR/USD at Start of New Trading Week

December 17, 2012 by

EUR/USD was flat as the week started, waiting for some news to move the currency pair. The data from the United States was much worse than expected but that did not affect the currency to a great degree.

NY Empire State Index fell from -5.2 in November to -8.1 in December, frustrating analysts who have expected an advance to -0.7. (Event A on the chart.)

Net foreign purchases were at $1.3 billion on October, falling from the September’s $3.2 billion. Another frustration for market analysts as they have expected an increase to $24.3 billion. (Event B on the chart.)

EUR/USD for 2012-12-17

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