EUR/USD rose today for the third day even as fears that other European countries would follow Greece in requesting a bailout returned to Forex market. US jobless claims remained stable, while pending home sales climbed to the
Initial jobless claims were little changed at 388k last week from the previous week’s figure of 389k. Traders hoped that claims would drop to 374k. (Event A on the chart.)
Pending home sales grew 4.1% in March, beating market expectations of a 1.2% increase, and was at the highest level since April 2010. The February change was revised upwardly from -0.5% to 0.4%. (Event B on the chart.)
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