Forex: EUR/USD eases from highs after US data
Forex pairs in this Article »
EUR/USD
FXstreet.com (Córdoba) - The euro retreated versus the dollar after data showed US initial jobless claims fell more than expected last week. Claims for unemployment benefits in the US fell by 5,000 to 330,000 in the week ended Jan. 19, reaching the lowest level since January 2008.
EURUSD had jumped toward the 1.3350 zone just ahead of the release and hit a daily high of 1.3358 but it seems that the shared currency can sustain gains for long, as it has already pulled back to the 1.3330 area. At time of writing, EURUSD is trading around 1.3330/35, still up 0.1% on the day.
EURUSD had jumped toward the 1.3350 zone just ahead of the release and hit a daily high of 1.3358 but it seems that the shared currency can sustain gains for long, as it has already pulled back to the 1.3330 area. At time of writing, EURUSD is trading around 1.3330/35, still up 0.1% on the day.
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