The EUR/USD declined to the drawback today after two consecutive days of slight profits. The main component that assisted the dollar to surpass the euro was the perspective for a June interest value increase from the Federal Reserve. Macroeconomic info also played its part as the US housing release was magnificent while the economic view indexes for Germany and the whole euro region were far beneath anticipations. (Event A on the chart.) Accepted, the US manufacturing category didn’t review strong, but markets paid slight consideration to that part of the info.
Richmond Fed manufacturing indicator decreased strongly from 14 to -1 in May, far beneath the anticipated rate of 9. (Event B on the chart.)
Modern home sales were at the regularly altered annual value of 619k in April, up from the positively adjusted March value of 531k (511k). Forecasters have completely missed with their prediction of a decrease to 521k. (Event B on the chart.)
