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.