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EUR/USD Falls Before Macroeconomics Released

April 15, 2010 by

EUR/USD went down today before the a group of important macroeconomic reports were released. After release, the currency pair corrected up slightly. It’s now trading near 1.3564.

Initial jobless claims went up by 24k to 484k last week. They were expected to decline to 440k instead.

Net foreign purchases of the U.S. long-term securities were at $47.1 billion in February — up from $15 billion in January. The forecasts were near $29.7 billion.

NY Empire State index showed a growth from 22.9 to 31.9 in April, while the traders expected only a slight gain to 24.0.

Industrial production rose by 0.1% in February, while capacity utilization increased from 73.0% to 73.2% during the month. Both parameters were expected to increase faster.

Philadelphia Fed index increased from 18.9 to 20.2 in April — landing only little above the forecast value of 20.0.

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

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