The dollar allowed the euro to retreat slightly after the Eurozone currency reached the lowest level in 2010 versus the greenback, as unemployment figures and durable goods data published today cooled down the optimism towards the U.S. economic recovery. Even with negative reports in North America, the euro had only a timid rise considering the extremely unfavorable market sentiment towards its region. EUR/USD is currently at 1.3528.
Initial jobless claims rose again to 496k applications during the past week from a previous revised reading of 474k applications. Forecasts were wrong expecting just 461k unemployment people applying for benefits.
Core durable goods orders frustrated traders showing a declined of 0.6% in January from a previous revised advance of 2% in December. Forecasts expected this report to rise by 1.1%.
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