The EURUSD currency pair is holding onto Wednesday’s recovery slightly below the round-level resistance of 1.1100 in Thursday’s European session....
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Maroc - FINANCIALMIRROR.COM - A La Une - 08/Aug 17:10
US Dollar recovers after soft jobless claims
EURUSD slumped below 1.0900 in Thursday’s American trading. The major currency pair weakened as the Dollar recovers strongly on soft US Initial Jobless Claims data for the week ending August 2. Individuals claiming jobless benefits for the first time came in lower at 233,000 than estimates of 240,000, and the prior release of 249K. The DXY Dollar Index, which tracks the greenback’s value against six major currencies, bounced back to near 103.40. While the near-term outlook of the shared currency pair remains uncertain, with investors confident that the Federal Reserve will choose an aggressive monetary policy stance to tame upside risks to potential US economic slowdown. According to the CME
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