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Initial Jobless Claims Drop Below 1 Million – EURUSD Unfazed
EURUSD regains the positive momentum today as the pair trades higher for the second straight day, and attempts a move up to the two-year highs despite the better than expected initial jobless claims. The deadlock in stimulus negotiations continues to put pressure on the greenback. The United States Initial Jobless Claims reported at 963K, below the forecasts of 1120K on August 7; that was the first reading below one million since March 21. The Initial Jobless Claims 4-week average dropped to 1252.75K on August 7 from 1337.75K in the previous week. The Continuing Jobless Claims came in at 15.486M, also below the ... (full story)