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EUR/USD Goes Up with Increase of US Jobless Claims

December 2, 2010 by

EUR/USD rose today, fell after the European Central Bank kept the interest rates unchanged and later advanced again as claims for unemployment benefits in the US unexpectedly increased. EUR/USD currently trades at 1.3181 after it reached the intraday low of 1.3060.

Initial jobless claims in the US increased from 410k to 436k, more than a 425k growth that forecasts have promised.

Pending Home Sales Index, a forward-looking indicator, gained 10.4% in October. That’s much better than the previous reading of a 1.8% decline and the expected value of a 0.7% drop.

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

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