After it looked like the Euro will pull back into the weekend and perhaps close near Daily Low, it then reversed sharply on the release of much weaker than expected Michigan Consumer Sentiment index. Michigan Inflation Expectations jumped to 2.9% from 2.6%, but the market shrugged that off. I suspect the pair would have rallied anyway, but perhaps not that strongly if the release had came out better.
Michigan Consumer Sentiment: 88.6 vs. 96.0 expected, 95.9 previous
Michigan Consumer Expectation…
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