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EUR/USD Neutral on Mixed U.S. Economic Data

January 5, 2010 by

The EUR/USD currency pair chart oscillated within a considerably low amplitude as mixed U.S. data coming from the real estate and the secondary sector were published today, but with a slight advantage to the euro, which is posting the third consecutive day of gains versus the U.S. currency as traders started the year with a less risk averse approach to investments. Currently EUR/USD trades at 1.4430 posting virtually no changes in the intraday comparison.

Pending home sales declined significantly to 96.0 in November from a previous revised reading of 114.3 in October, a decline of 16%, frustrating forecasts that suggest a much slighter decline of 2.3%. Despite the decline, actual figures are still positive in the annual comparison

U.S. factory orders grew 1.1% in November, continuing a series of monthly positive readings from a previous revised advance of 0.8% in October. Forecasts expected a less significant increase at 0.5%.

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

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