EUR/USD Slides as US Jobless Claims Support Dollar
EUR/USD fell to around 1.1440 on Thursday, retreating about 0.2%, as stronger-than-expected US jobless claims boosted the US Dollar and weighed on the euro.
EURUSD
The euro declined against the US dollar on Thursday, with EUR/USD trading near the 1.1440 level, down roughly 0.2%. The move lower came as a stronger-than-expected reading on US initial jobless claims provided fresh support for the greenback.
Better labor market data suggests resilience in the US economy, reducing the likelihood of near-term Federal Reserve rate cuts and making the dollar more attractive relative to the euro. No other major catalysts were cited for the pair's move.
Source: FXStreet Forex News