The EUR/USD pair moderated its advance on Friday, compliments to stronger-than-expected US data, finishing the week anyway with gains around 1.1070. The pair peaked at 1.1109 at the beginning of the day, as a result of the rally triggered by the European Central Bank monetary policy announcement on Thursday. The bullish momentum of the pair faded on the back of encouraging US data, as August Retail Sales were up by 0.4% against the 0.2% forecasted, while July reading was upwardly revised to 0.8% from 0.7%. Also, the preliminary estimate of the September Michigan Consumer Sentiment Index came in at 92.0, better than the 90.9 expected and bouncing from August 89.8.


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