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Euro Catches Up vs. Dollar in Correction

September 24, 2009 (Last updated on January 10, 2013) by

After posting a first major declining day since September 1st yesterday, EUR/USD returned to the growth today. The good employment report from U.S. helped the euro to maintain a rather high intraday levels against the U.S. dollar, but the yesterday’s high wasn’t broken yet. EUR/USD is now trading near 1.4734.

Initial jobless claims hit their medium-term low according to the latest report — they were at 530k last week, following 551k value for a previous week. The forecast for the latest value was at 550k.

Existing home sales unexpectedly declined in August and were reported at a seasonally adjusted annual rate of 5.10 million — down from 5.24 million reported for July. The Forex market participants expected 5.35 million value from today’s report.

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

One Response to “Euro Catches Up vs. Dollar in Correction”

  1. Miller Rhodes

    Great Articles. I am still trying to figure out how to properly integrate this information into my forex trading.


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