News from the United States was not the most positive and unexpected drop in the index of consumer confidence from the Conference Board to 53.4 to 47.7 points and the index of business activity FRB Richmond from 14 to 7 points in October, provoked a weakening appetite for risk. As a result, the euro / dollar struck support at $ 1.4840 and fell to fresh session lows around $ 1.4788, where bids placed up to $ 1.4785, while holding back the onslaught of the bears. Meanwhile, the pound / dollar, even before the publication of the report demonstrated the onset of weakness, broke the defense of the bulls at $ 1.6350, and returned to bids near the Asian session lows.
Related posts:
- Positive economic data supported euro gains vs the US dollar yesterday, but the price has pulled back this morning
- Negative UK economic data pushes the pound down against a broadly weakened dollar
- ZEW index of economic sentiment in Germany declined in October
- the Data from UK have supported the pound
- Aussie made strong gains yesterday as further positive economic data supported investor demand
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