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EUR/USD Up Slightly after Final Q4 U.S. GDP Report

March 26, 2009 by

Euro traded slightly stronger against the dollar today before and after the reports that only confirmed that the U.S. is still in recession. EUR/USD is currently trading near 1.3591.

Initial jobless claims rose from 644k to 652k last week, while they were expected to go up only to 650k.

Final Q4 GDP report showed a revised decline of 6.3% (compared to 6.2% preliminary report). The economic analysts expected a decline by 6.6% to be reported today.

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