EUR/USD continued to rise today but halted its rally and is now struggling to keep its gains. Economic data from the United States and the eurozone was mixed, giving no edge to the currency pair.
US CPI increased 0.2% in March on a seasonally adjusted basis, at the same rate as in February and in line with expectations.
According to the preliminary estimate, Michigan Sentiment Index rose from 93.0 in March to 95.9 in April, far above the value of 93.8 predicted by analysts.
Leading indicators increased 0.2% in March, slightly less than the forecast reading of 0.3% but more than the revised February’s increase of 0.1%.
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