Euro hovers at 2-year high, US dollar hit by higher jobless claims

October 24, 2013

The euro hovers at a two-year high against the dollar, recovering from a brief dip following Euro zone PMI business sentiment data for October which missed forecasts.

EURUSD flirted with the $1.3800 level, peaking at $1.3825, which is the highest since November 2011.

The euro remains bullish in the short term on the back of a weaker US dollar. The greenback was knocked down after disappointing US jobless claims data, which showed more Americans filed for unemployment benefits in the prior week.

USDJPY has been mostly range-bound today, but has fallen over 1 percent since the Tuesday high of 98.47.

The dollar fell to 97.22 against the yen, a level tested a few times today. A further decline is prevented due to the relatively risk-on appetite in markets today on the back of stronger-than-forecast China PMI data. 

The British pound slipped briefly after softer than expected CBI data  on UK Industrial Order Expectations. GBPUSD touched a session low of $1.6136 before bouncing again after the US jobless claims data hurt dollar.

Publication source
FxNet information  FxNet reviews

January 16, 2017
U.S. markets are closed Monday
U.S. markets are closed Monday for Martin Luther King Day. This will be a busy week for traders, with the inauguration of president-elect Trump on Friday headlining...
January 16, 2017
Busy start to the GBP with Carney speech
U.S. markets are closed today on account of Martin Luther King Day. Economic data is quiet ahead of another busy week. The Bank of England Governor, Mark Carney will be speaking later this afternoon and his comments come a day before the British PM Theresa May will be holding her press conference on Brexit...
January 13, 2017
The dollar is trading softer into the London open
Aftershocks from President-elect Trump’s campaign-like press conference, which had weighed on global stock markets and yields started to recede late in the U.S. session and U.S. equities managed to recover part of their losses...

FXCM Rating
NPBFX Rating
OANDA Rating
OctaFX Rating
EXNESS Rating
Tickmill Rating

IQ Option Rating
Porter Finance Rating
OptionFair Rating
24option Rating
EZTrader Rating
OptionBit Rating