FXstreet.com (Córdoba) - The euro quickly retraced its recent spike against the dollar amid clarifications over Schaeuble comments. German FinMin stance was unchanged as he said "there will be no jointly guaranteed bonds without a common fiscal policy".
EUR/USD retreated from the 1.2460 area back to the 1.2420/40 zone where it held little changed even after the latest string of US data, as investors remain focused on the EU summit.
At time of writing, the cross is quoting at 1.2435, 0.3% below its opening price and not far from its 3-week low struck earlier at 1.2406.
In the macroeconomic domain, US initial jobless claims fell by 6K to 386K last week, while Q1 GDP revision came in line with expectations at 1.9%.
EUR/USD retreated from the 1.2460 area back to the 1.2420/40 zone where it held little changed even after the latest string of US data, as investors remain focused on the EU summit.
At time of writing, the cross is quoting at 1.2435, 0.3% below its opening price and not far from its 3-week low struck earlier at 1.2406.
In the macroeconomic domain, US initial jobless claims fell by 6K to 386K last week, while Q1 GDP revision came in line with expectations at 1.9%.
