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EUR/USD Drops for Fourth Session

April 9, 2015 by

EUR/USD fell today following yesterday’s FOMC minutes. Today’s economic data from the United States did not provide enough information to push the dollar in either direction. This resulted in a decline of the greenback against some currencies, though the dollar gained on most of major rivals, including the euro.

Initial jobless claims rose to 281k last week from the previous week’s revised level of 267k, in line with expectations. (Event A on the chart.)

Wholesale inventories rose 0.3% in February compared to the forecast of 0.2%. The January’s increase was revised from 0.3% up to 0.4%. (Event B on the chart.)

EUR/USD for 2015-04-09

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