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EUR/USD Dips as Draghi Talks About Stimulus

April 24, 2014 by

EUR/USD sank today as European Central Bank President Mario Draghi said that he is prepared to start asset purchases as a measure to stimulate the struggling European economy. Meanwhile, reports from the United States were mixed today as unemployment claims jumped much more than were expected, but durable goods orders climbed as well.

Initial jobless claims climbed from 305k to 329k last week. The actual reading was far above the forecast 309k. (Event A on the chart.)

Durable goods orders grew 2.6% in March, while analysts have predicted that the growth would be at the February rate of 2.1%. (Event A on the chart.)

EUR/USD-2014-04-24

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