Forex Blog

First-hand Forex trading experience and information about foreign exchange market that will be useful to traders


EUR/USD Declines After European Equities Fell

June 24, 2010 by

EUR/USD currency pair declined today on growing concerns about European debt crisis as European equities fell today. U.S. macroeconomic data was generally neutral today and without unexpected results. EUR/USD trades currently near 1.2294.

Initial jobless claims was at the seasonally adjusted rate of 457k in the week ending June 19, a decrease from the previous week’s revised figure of 476k. Markets participants expected a decline to 461k.

Durable goods orders decreased by 1.1% in May. This decrease followed five consecutive monthly increases including a 3.0% increase in April. This figure was in line with forecasts, which predicted a 1.2% decrease.

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

One Response to “EUR/USD Declines After European Equities Fell”

  1. J Adam

    I regularly watch business news and recently heard that the EUR had predominantly lost its value as a result of the Greece debt crisis. There is similar news about Spain as well but it doesn’t seem to be as bad as Greece.