FXstreet.com (Edinburgh) -The bloc currency is extending its recovery from session lows, lifting the EUR/USD back to the mid 1.32s after consumer prices in the euro area rose below expectations.
EUR/USD propped up by data
Consumer prices in the bloc expanded at an annual pace of 1.3%, softer than forecasts at 1.4% and down from 1.6% previous. Further data from the bloc showed that August’s Business Climate, Consumer Sentiment and Economic Sentiment all bettered the market consensus, adding to the cyclical recovery in the region. The unemployment rate, however remained at 12.1% during July.
EUR/USD key levels
At the moment the pair …read more