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EUR/USD Manages to Rebound to Opening Level on Thursday

January 14, 2021 by

EUR/USD declined today but started a rebound at 15:15 GMT and is currently trading at about the opening level. Thursday’s macroeconomic releases in the United States were mixed, with import prices rising beyond expectations but unemployment claims climbing unexpectedly.

Import and export prices rose in December. Import prices advanced by 0.9%, exceeding the median forecast of a 0.7% increase, after rising by 0.2% in November. Export prices gained by 1.1% following the increase of 0.7% in the previous month. (Event A on the chart.)

Initial jobless claims climbed to 965k last week, seasonally adjusted, from the previous week’s revised level of 784k. That was a surprise to experts who were expecting the indicator to remain basically unchanged. (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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