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EUR/USD Gains after Decline in Jobs, Home Sales

July 24, 2008 (Last updated on January 17, 2013) by

EUR/USD gained a little today, correcting from the previous daily drawdowns, after the jobless claims and existing home sales statistics was released today in the United States. Dollar was standing at a strong upward position on the Forex market for the last today, but today it reacted sharply on the fundamental data and after a high intraday volatility lost somewhat to euro.

Initial jobless claims soared from 372k to 406k last week after consensus forecast of 380k; the previous week claims were also revised up from 366k.

Existing home sales declined in June. They fell 2.6% from 4.99 million to 4.86 million (annual seasonally adjusted rate). The average forecast was a fall to only 4.95 million.

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