Thursday, January 4, 2018

pushes EUR/USD

A mix of upward revision of eurozone PMIs and higher than-expected U.S. jobless claims on Thursday pushes EUR/USD up 0.6% to 1.2087, just a shade below the September high of 1.2093, which would mark its highest in around three years, according to Factset. Eurozone December final composite PMIs were revised slightly upwards from the flash estimate to 58.1. And U.S. jobless claims rose by 250,000 during the last week of December, above forecasts in a WSJ poll for a 240,000 increase. Private sector jobs rose by more than expected, however, according to the ADP report.

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