Swing Trades: EUR/USD

EUR/USD: US CB Consumer Confidence

The Greenback weakened against the Eurozones's single currency, following the US CB Consumer Confidence data release on Tuesday. The EUR/USD currency pair gained one pip, or 0.01%, to continue fluctuating in the 1.1567 area.

The Conference Board Inc. released Consumer Confidence data that came out lower-than-expected of 128.0, compared to the 128.7 in the previous period. 

"Overall, confidence levels remain at historically strong levels and should continue to support solid consumer spending in the near-term," Lynn Franco, director of Economic Indicators at The Conference Board, said.


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