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EUR/USD Drops on Monetary Policy Outlook

November 10, 2015 by

EUR/USD fell today amid speculations that the European Central Bank will ease its monetary policy in December while the Federal Reserve may start monetary tightening. The policy outlook led to the drop of the currency pair even though economic data released from the United States over the trading session was not good.

Import prices fell 0.5% in October compared to a 0.1% drop predicted by experts. Export prices dropped 0.2 percent. Both import and export prices declined 0.6% in September. (Event A on the chart.)

Wholesale inventories rose 0.5% in September while analysts had predicted no change. The August’s growth was revised from 0.1% up to 0.3%. (Event B on the chart.)

EUR/USD for 2015-11-10

If you have any comments on the recent EUR/USD action, please reply using the form below.

2 Responses to “EUR/USD Drops on Monetary Policy Outlook”

  1. Kyle Thompson

    Hi, can you show us how to import that data into the MT4? Thanks

    Reply

    Andriy Moraru Reply:

    How to import what data?

    Reply

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