EUR/USD was rising today but has trimmed its gains by now. Trading was rather directionless on Friday as there was no major
NY Empire State Index dropped from 8.8 to 3.7 in March instead of rising to 10.1 as analysts had predicted. (Event A on the chart.)
Industrial production rose just 0.1% in February, whereas experts had predicted an increase by 0.4%. The indicator declined 0.4% in the previous month. Capacity utilization was at 78.2%, down from 78.3% in January, while specialists had predicted an increase to 78.5%. (Event B on the chart.)
Michigan Sentiment Index climbed from 93.8 in February to 97.8 in March, exceeding the average forecast of 95.5. (Event C on the chart.)
Net treasury purchases were at -$7.2 billion in January. That is compared to -$6.9 billion predicted by economists and -$48.3 billion registered in December. (Event D on the chart.)
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Posted on Forex blog.