EUR/USD Logs Marginal Loss Despite US Data

EUR/USD fell today despite disappointing macroeconomic data from the United States. The drop was marginal, though, and was not enough to erase yesterday’s gains, which were not big themselves.
Initial jobless claims rose to 241k last week from the previous week’s revised level of 238k, exactly as analysts expected. (Event A on the chart.)
241k last week rose 0.3% in May — a bit less than was predicted (0.4%). The April increase was revised from 0.3% down to 0.2%. (Event B on the chart.)

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