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EUR/USD Volatile, Pays No Attention to Fundamentals

January 2, 2020 by

The US dollar was strengthening against the euro today amid its rather neutral fundamental releases, but the currency pair experienced high volatility during the session. EUR/USD is currently ending the day well below its New Year opening level.

Initial jobless claims were at 222k last week — down from 224k reported for a week earlier and in line with the forecasts for this week. (Event A on the chart.)

Markit manufacturing PMI decreased slightly in December — from 52.6 to 52.4 — as expected and according to the preliminary flash estimate. (Event B on the chart.)

EUR/USD as of 2020-01-02

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

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