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EUR/USD Jumps as EU Leaders Reach Agreement on Greece

June 17, 2011 by

EUR/USD jumped today as it seems that the European leaders have made headway in reaching agreement about plans to save the Eurozone, and Greece in particular, from the debt crisis. The US leading indicators rose last month more that expected and that’s a good sign, which was muted, though, buy the declining consumer sentiment. EUR/USD trades near 1.4279 now, after falling earlier to 1.4126.

Michigan Sentiment Index fell from 74.3 to 71.8 in June, compared to the average forecast of 74.2. (Event A on the chart.)

US leading indicators increased 0.8% in May, more that 0.3% predicted by analysts. The April reading was revised from -0.3% to -0.4%. (Event A on the chart.)

EURUSD for 2011-06-17

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

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