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EUR/USD Floats Near Open After Small Rise in Jobless Claims

August 20, 2009 by

The euro is trading slightly below its open level against the greenback after the initial jobless claims report showed a small rise today. EUR/USD is currently floating near 1.4219 after opening at 1.4233.

Initial jobless claims went up from 561k to 576k during the last week, while they were expected to go down to 550k.

Philadelphia Fed index increased from -7.5 to 4.2 in August. A rise to -2 was expected by the market analysts. Positive value of the indicator suggests that the business conditions in the region are improving.

Leading economic indicators index rose by 0.6% in United States in July. That wasn’t much of a surprise to the Forex traders as this indicator is based on already known values.

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

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