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EUR/USD Falls on Bad EU Statistics

May 26, 2009 by

EUR/USD declined today on the mainly negative fundamental data that came out from the Eurozone today, while the positive U.S. statistics didn’t help the euro Forex bulls much. The currency pair is now trading near 1.3942.

S&P/Case-Shiller seasonally adjusted home price index for the 20 U.S. states was reported with a year-to-year change of -18.69% in March, following -18.66% change in February. It was expected to be reported at -18.4%.

Consumer confidence index increased sharply from 40.8 to 54.9 in May. The April’s value was upwardly revised from 39.2. The forecasts were pointing at 42 as a new value for the index.

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