The dollar continued to gain on the euro for the third consecutive trading session today despite
Seasonally adjusted initial jobless claims rose from 279k to 302k last week, in line with exepctations. (Event A on the chart.)
Chicago PMI slumped by 10 points to 52.6 in July. It was an unexpected turn of events as analysts have expected an increase to 63.2. (Event B on the chart.) The report said:
A monthly fall of this magnitude has not been seen since October 2008 and left the Barometer at its lowest level since June 2013.
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