Euro still holds below the 1.3700 level after a major crisis on the world financial markets and currency interventions made by European and Japanese central banks. Dollar’s fundamental future isn’t looking bright, but from the technical side EUR/USD is turning the trendline down currently.
Yesterday’s initial jobless claims news release wasn’t very encouraging — 316,000 new claims — almost 10k higher than expected. This is a bad sign as the employment market looked better previous weeks.
Today export and import prices indexes were released — 2.8% and 1.5% respectively, which both much higher than expected numbers and previous months’ numbers.
Budget deficit in June came out at $36.3 billion dollars, while experts expected $34.0 billion dollars deficit.
Overall fundamental data this week came out worse than several last weeks and this can affect Fed’s decisions on interest rates change.
