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EUR/USD Sees No Losses This Week

June 30, 2011 by

Today we’ve seen the fourth day of EUR/USD rally. Economists expect that the European Central Bank will boost its interest rates next week. The business activity in the US improved this month, but unemployment wasn’t decreasing as fast as expected. EUR/USD trades at 1.4519 now.

Initial jobless claims was at 428k in the week ending June 25, almost unchanged from the previous week’s figure of 429k, while they were expected to fall to 419k. (Event A on the chart.)

Chicago PMI climbed from 56.6 in May to 61.1 in June. A decline to 54.1 was expected by Forex traders. (Event B on the chart.)

EURUSD for 2011-06-30

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