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EUR/USD Fluctuates amid Uncertainty on Forex Market

September 24, 2013 by

EUR/USD fluctuated today amid uncertainty about potential quantitative easing tampering from the US Federal Reserve and economic recovery in Europe. German business climate was worse than expected. (Event A on the chart.) At the same time, US data was rather poor too, adding to doubts about QE reduction.

S&P/Case-Shiller home price index rose 12.4% in July, year-on-year, in line with forecasts. The June increase was at 12.1%. The index increase 1.8% from June. (Event B on the chart.)

Richmond Fed manufacturing index sank from 14 in August to 0 in September instead of rising to 17 as was promised by analysts. (Event C on the chart.)

Consumer confidence dropped from 81.8 in August to 79.7 in September, matching predictions. (Event C on the chart.)

EUR/USD for 2013-09-24

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