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EUR/USD. ISM Manufacturing Index and Eurozone CPI: What Do the Published Reports Tell Us?
Eurozone inflation has accelerated. The CPI
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Eurozone inflation has accelerated. The CPI growth report exceeded expectations—almost all components came out "in the green zone." Such results should have supported EUR/USD buyers, but the pair unexpectedly reversed south and, in just a few hours, plunged nearly one hundred points, much to the market's surprise. The culprit was a suddenly strengthening dollar, which, without any clear reason, gained ground across the board. Such price spikes are inherently suspicious—especially now, amid the divergence between Fed and ECB
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Irina Manzenko,
Analytical expert of InstaForex
© 2007-2025
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