Dukascopy Bank Team
Dukascopy Bank SA
EUR/USD: US Unemployment Claims
The Greenback fluctuated based on the releases of the controversial reports from the Federal Reserve Bank of New York and Philadelphia and the US Department of Labour on Thursday. The EUR/USD currency pair lost 10 pips, or 0.08%, reaching the 1.2337 level.
The three simultaneously released reports created small increase in volatility in the financial currency market. The US unemployment claims data came out slightly better than expected, and with a help of the positive Empire State manufacturing index data, pushed EUR/USD pair lower. However, the Philly Fed manufacturing index data came out a bit short of expectations, as the divergence did not surprise the markets enough for a correction.
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