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EUR/USD Logs Small Gain on Thursday

June 28, 2018 by

EUR/USD edged a little higher today after two sessions of losses. US economic data released during the trading session was below expectations, boosting the currency pair, though it fell sharply afterwards. Nevertheless, currently EUR/USD trades above the opening level.

US GDP rose 2.0% in Q1 2018, according to the final estimate, after increasing 2.9% in Q4 2017. Analysts had expected the same 2.2% rate of growth as was shown by the preliminary estimate. (Event A on the chart.)

Initial jobless claims rose from 218k to 227k last week. Experts had predicted a much smaller increase to 220k. (Event A on the chart.)

If you have any comments on the recent EUR/USD action, please reply using the form below.

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