Currency Analyst since 2010

US jobless claims miss forecast

US jobless claims came much worse than expected (374K vs. 307K expected) rising to the highest level since the beginning of April.

USD/JPY rose to 98.00. EUR/USD kept the range. The single currency’s trading just 15 points above $1.3500. So did GBP/USD which descended from today’s high at $1.5970 to the middle of the range around $1.5940.  

The lack of action in EUR and GBP may be explained by the fact that the market players await news about US budget and deficit problems.

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