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US Job Market Report Causes High EUR/USD Volatility

August 7, 2014 by

EUR/USD declined somewhat today and also demonstrated a short-lived burst of volatility following a weekly release on the situation with the US unemployment. The currency pair managed to recover some of its losses after that.

Initial jobless claims fell from 302k to 289k during the last week, while a growth to 304k was expected. (Event A on the chart.)

US consumer credit dropped from $19.6 billion in May to $17.3 billion in June. It was a huge negative surprise for the US dollar buyers as the median forecast value was at $18.7 billion. (Event B on the chart.)

EUR/USD as of 2014-08-07

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