EUR/USD extended its decline today as US claims for unemployment benefits posted a better reading than was expected, adding to optimism about US economy. EUR/USD currently trades near 1.3199.
Initial jobless claims dropped from 438k to 421k last week, compared to an expected value of 426k.
US wholesale inventories rose 1.9% from September to October, compared to an increase by 2.1% from August to September. They were expected to grow by 0.9%
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