EUR/USD Fluctuates on US Economic Data

EUR/USD continued to fall today after yesterday’s decline. The currency pair attempted to reverse the drop after US unemployment claims came out worse than was expected, but retreated again as the Conference Board leading index for the United States increased.
Initial jobless claims rose from 323k to 336k last week, while forecasts promised an increase to just 329k. (Event A on the chart.)
Leading indicators increased 0.6 percent in July, in line with forecasts. following no change in June. (Event B on the chart.)

If you have any comments on the recent EUR/USD action, please reply using the form below.

Leave a Reply

Your email address will not be published. Required fields are marked *

− one = seven