EUR/USD was attempting to extend yesterday’s rally today but failed and was trading near the opening level after the US Consumer Price Index beat expectations. With unemployment claims being also better-than-expected, the dollar got enough support to rebound a bit.
US CPI rose 0.1% in June, the same as in May, while analysts were expecting no change. (Event A on the chart.)
Initial jobless claims were at the seasonally...
EUR/USD Fails to Maintain Rally, Pushed Down by US CPI
* This article was originally published here
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