Resolved Question
Why did the EUR/USD pair increae during the 2pm hour?
over 2 years ago
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I suggest that you always check out current news and economic events so that you'll be aware of factors that often affect the forex market. Check out the sites below.
over 2 years ago
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Answers (1)
I'm assuming you are on ET (eastern time). The reason why the pair rose was because of a rebound in the equity and commodity markets. I think part of the reason was that the GDP report that came in had no revision, showing that the US economy shrunk by just 1.0% in the 2nd quarter, suggesting that recovery was underway. This in turn, boosted risk appetite, which didnt bode well for the USD.
over 2 years ago
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