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EUR/USD slips to session lows as weekly claims slightly exceed forecasts
The latest weekly jobless claims have just been released and they have come in at 232k for the lates reporting week. That is slightly above the estimate but not in any endorsing the BLS adjustment seen yesterday. The USD/JPY price action over this data was rapid but the dollar has immediately rebounded from a frantic low around 145.90, to reach news high at 146.35. At the same time the EUR/USD nudged lower, to set a new session low at 1.1125. Both pairs have stepped back from those moves now though. US yields did edge a little higher on that news, but have also shifted back to where they were. The bigger data for the dollar and the Euro today remains that which will be released at 1.45pm and that is the same PMI data we had here in Europe this morning. The EUR/USD is currently trading at 1.1131
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