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Dollar Remains Subdued vs. Euro

April 30, 2015 by

EUR/USD was rising today but fell after it was revealed that US jobless claims decreased more than was expected by analysts. Yet as of now the currency pair recovered.

Initial jobless claims fell from 296k to 262k last week while analysts expected just a small drop to 290k. (Event A on the chart.)

Both personal income and spending missed analysts’ estimates for March. Income was unchanged compared to the forecast of 0.2% growth while spending increased 0.4% versus market expectations of 0.6%. In February, the indicators rose 0.4% and 0.2% respectively. (Event A on the chart.)

Chicago PMI climbed from 46.3 in March to 52.3 in April, exceeding the median experts’ forecast of 50.1. (Event B on the chart.)

EUR/USD for 2015-04-30

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