Market Overview

Forex - EUR/USD up toward the end of U.S. session


Forexpros – The Euro was higher against the U.S. Dollar on Thursday after the release of U.S. data on Initial Jobless Claims.

EUR/USD was trading at 1.4220, up 0.30% at time of writing.

The pair was likely to find support at 1.4105, today’s low, and resistance at 1.4426, Monday’s high.

Earlier in the day, official data showed that U.S. Initial Jobless Claims fell unexpectedly to a seasonally adjusted 395K last week from 402K in the preceding week whose figure was revised up from 400K.

Analysts had expected Initial Jobless Claims to rise to 401K last week.

Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.27% to hit 0.8764 and EUR/JPY rising 0.31% to hit 109.31.

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The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.


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