The EUR/USD price was little unchanged on Thursday after the US published strong consumer confidence data.
It was trading at 1.0600, where it has been in the past few days. Focus now shifts to the final estimate of US GDP data.The EUR/USD price was little changed after the relatively mixed economic data from the United States. Data published on Tuesday revealed that housing starts and building permits continued plunging in November as interest rates continued rising. Housing starts dropped by a whopping 11.2% during the month.
On the other hand, data published by Conference Board showed that consumer confidence continued rising in December as inflation continued falling. The index rose sharply to 108.3 in December from the previous 101.4. Consumers’ view of the economy jumped as sentiment about the present state of the economy improved.
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