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EUR/USD Declines After Reports from US

August 16, 2010 by

EUR/USD currency pair is rising today, but declined after good economic reports from the US. EUR/USD currency pair trades near 1.2812.

N.Y. Empire State Manufacturing index increased to 7.1 in August from a previous reading of 5.1. Forecast promised a value of 8.1.

Net long-term purchases of the U.S. securities by the foreign investors were at $44.4 billion in June, compared to a previous reading of $35.3 billion. Actual figure is much higher than an expected value of $36.3 billion.

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