The US dollar declined today as the reports from the US signaled that the recovery of the US economy may be slowing, decreasing the attractiveness of the US currency as the safe haven.
The Consumer Prices Index increased 0.2 percent in October, while it was expected to rise by 0.3 percent. The housing starts were at the seasonally adjusted annual rate of 519,000 in October, while the September reading was 588,000. The tomorrow’s report expected to show the growth of the jobless claims.
EUR/USD rose from 1.3490 to 1.3537 as of 16:49 GMT today.
If you have any questions, comments or opinions regarding the US Dollar,
feel free to post them using the commentary form below.
Be First to Comment