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EUR/USD Tired of Falling and Corrects

July 9, 2009 by

Not the last role in the today’s recovery in EUR/USD has played the report on the initial jobless claims in U.S., which turned out to be better than the optimistic forecasts predicted. But it’s still unknown whether this correction can be a long-lasting one or not. EUR/USD is now trading near 1.3964.

Initial jobless claims were at 565k last week — down by 52k from the week before. It’s the first week with the jobless claims below 600k in several months. Forecasts signaled 603k value for the report.

Wholesale inventories declined by 0.8% in May, following 1.4% drop in April and 1% decline forecast for May.

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