EUR/USD dropped today, extending yesterday’s decline. The currency pair fell on Thursday after the
Wholesale inventories were down 0.5% in April. That is compared to the predicted drop by 0.1% and the March’s revised fall by 0.3%. (Event A on the chart.)
Yesterday, a report on initial jobless claims was released, showing a drop to 245k last week from the previous week’s revised level of 255k (248k before the revision). Analysts predicted a bigger drop to 241k. (Not shown on the chart.)
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