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Euro Grows Moderately as Statistics Fail to Move Markets

April 23, 2009 (Last updated on January 9, 2013) by

EUR/USD gained slightly during today’s trading session despite the predominantly pro-crisis and anti-euro fundamental news that were released in U.S. and Eurozone both today and yesterday. The currency pair is now trading near 1.3020 after closing at 1.3002 yesterday.

Initial jobless claims were at 640k in United States last week — an increase of 27k compared to the previous week’s 613k (revised upwardly from 610k). The forecast value was almost the same as the actual reading — 639k.

Existing home sales in U.S. fell in March — from 4.71 million to 4.57 million after rising in February. The market analysts expected a decline to 4.65 million units.

Yesterday, the weekly crude oil inventories report showed an increase by 3.9 million barrels. The  U. S. total commercial oil inventories are now at 370.6 million barrels.

2 Responses to “Euro Grows Moderately as Statistics Fail to Move Markets”

  1. Matt

    The only thing that seems to be rising in the present climate is petrol prices. With inflation currently negative, surely the UK government need to take action to prevent high fuel charges now before they are out of control?

  2. webforex

    you got that right,if fuel prices soars too high it will definitely heightened any crisis that people are currently facing nowadays.
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