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27 Jan 2015
EUR/USD stays up after mixed US data
FXStreet (Córdoba) - EUR/USD eased slightly but remained higher on the day following the latest string of mixed US data.
While durable goods orders missed expectations by far (-3.4% versus +0.5%), S&P/Case-Shiller Home Price Indices and Markit Services & Composite PMIs and Richmond Fed manufacturing index came in line with expectations. On the other hand, consumer confidence rose to a 7-year high of 102.9 versus 95.1 expected in December while new home sales increased sharply by 11.6% in the same month.
EUR/USD moved a few pips away from its daily peak of 1.1387 but remained near highs. At time of writing, the pair is trading at 1.1370, recording a 1.18% gain on Tuesday.
The dollar remains as one of the worst performers heading into the FOMC meeting amid growing expectations the Fed could show patience in the rate statement following other central banks recent actions.
While durable goods orders missed expectations by far (-3.4% versus +0.5%), S&P/Case-Shiller Home Price Indices and Markit Services & Composite PMIs and Richmond Fed manufacturing index came in line with expectations. On the other hand, consumer confidence rose to a 7-year high of 102.9 versus 95.1 expected in December while new home sales increased sharply by 11.6% in the same month.
EUR/USD moved a few pips away from its daily peak of 1.1387 but remained near highs. At time of writing, the pair is trading at 1.1370, recording a 1.18% gain on Tuesday.
The dollar remains as one of the worst performers heading into the FOMC meeting amid growing expectations the Fed could show patience in the rate statement following other central banks recent actions.