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EUR/USD Falls Further as US Jobless Claims Declines

December 9, 2010 by

EUR/USD extended its decline today as US claims for unemployment benefits posted a better reading than was expected, adding to optimism about US economy. EUR/USD currently trades near 1.3199.

Initial jobless claims dropped from 438k to 421k last week, compared to an expected value of 426k.

US wholesale inventories rose 1.9% from September to October, compared to an increase by 2.1% from August to September. They were expected to grow by 0.9%

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

One Response to “EUR/USD Falls Further as US Jobless Claims Declines”

  1. Alex

    Whike euro is upper 1.30, it has low chances to continue downtrend. If lower than 1.3 – 1.25 is real.

    Reply

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