EUR/USD darts higher after strong European consumer and business confidence

The EUR/USD pair rose today as investors reacted to positive economic data from Europe. By rising, the pair has erased the losses made yesterday after a speech by Jerome Powell at the Jackson Hole summit. The pair is trading at 1.1910, which is the highest it has been since August 19. European consumer and business confidence rises The EUR/USD is probably reacting to strong consumer and business confidence data from Europe. According to the European Commission, the economic sentiment indicator increased by 5.3 points to 87.7 in August. That was higher than the 85.0 that analysts polled by Reuters were