The Dollar Drops Against The Euro But Not Far

Yesterday the Dollar dropped against the Euro as US economic report was not surprisingly amazing. Nevertheless, the fall was not immense. Decreasing crude oil costs were also balancing on the greenback.

NY Empire State Indicator increased from 0.6 to 9.6 in April, far beyond the median predict of 2.1. It is the top most level in more than a year. (Event A on the chart.)

Industrial manufacture and quantity utilization decreased in March. Moreover, both indicators acquired negative modification for their February review. Manufacture was down at 0.6% after decreasing at the same ratio in February. The forecasts’ moderate projection assured just a 0.1% decrease. Quantity utilization ratio dropped from 75.3% to 74.8% the previous month, beneath the consensus estimate of 75.4%. (Event B on the chart.)

Michigan Sentiment Indicator decreased a fraction from 91.0 in March to 89.7 in April according to the initial forecast. Analysts had anticipated a rise to 91.9. (Event C on the chart.)

Net foreign acquisitions were at $72.0 billion during the month of February. It was an improved report than $32.2 billion anticipated by analysts and the last month $11.9 billion. (Event D on the chart.)

The Dollar Drops Against The Euro But Not Far

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Mike N

Financial Trading Systems Design Expert

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