Euro Gains Even as US Data Supports Dollar

The euro gained on the dollar today as the Greek parliament approved another set of reforms that are required to secure a bailout from the European Union. The US currency attempted to bounce after the release of better-than-expected data from the United States, but success has been very limited so far.
Initial jobless claims (seasonally adjusted) dropped from 281k to 255k last week, far below the level of 279k that has been predicted by analysts. It was the lowest value in more than four decades. (Event A on the chart.)
Leading indicators increased 0.6% in June, less than the May’s revised increase (0.8%) but much more than experts had anticipated (0.1%). (Event B on the chart.)


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