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EUR/USD Mostly Unchanged by Other Macroeconomic Releases before Fed Rate Decision

April 30, 2008 by

EUR/USD remains mostly unchanged today as the markets await the Federal Reserve decision on the interest rate. Even some important indicators that were released in U.S. today failed to move the currency pair significantly on Forex.

Advance data for the first quarter GDP in U.S. were releasd today, showing 0.6% growth (the same as in Q4 2007), above the estimate of 0.5%.

Chicago PMI index in April rose from 48.2 to 48.3, exceeding the pessimistic expectations, according to which it should have fallen to 47.5 this month.

Crude oil inventories rose 3.8 million barrels last week — more than 2.4 million previous week, but are still in the lower half of the average range for this time of the year.

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