It’s another dull trading session for the EUR/USD pair, which maintains the neutral status quo ever since the week started, confined within a 60 pips range. There were some minor releases in Europe this morning, Italian and French August figures, which remained steady at lower levels. Also, Industrial production in the EU, fell by 1.1% in July, worse than expected and leaving the year-on-year reading at -0.5%.
The macroeconomic calendar has little to offer in the US, with the MBA mortgage approvals up to 4.2% from previous 0.9%, and August export and import price indexes coming in below expected, but hardly noticed by the market. It´s still pending of release, the EIA weekly crude oil stockpiles´ report.
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