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EUR/USD Slowly Rises Today

April 7, 2014 by

The dollar was falling against the euro during the whole European trading session — gradually and steadily. The currency pair started to trade flat following the US session opening and remained unaltered by today’s consumer credit report.

US consumer credit added $16.5 billion in February beating the median estimate of $14.1 billion growth. January increase was positively revised from $13.7 to $13.8 billion. (Event A on the chart.)

Nonfarm payrolls report, released on Friday, showed a growth by 192k in March — below the expected 195k value. February reading was revised from 175k to 188k. US unemployment remained at 6.7%, which is somewhat worse than the forecast of 6.6% (Not shown on the chart.)

EUR/USD as of 2014-04-07

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