Back
13 Jun 2013
EUR/USD hits fresh lows after US retail sales, jobless claims
FXstreet.com (Córdoba) - The EUR/USD extended losses at the beginning of the NY session as the greenback strengthened after data showed US retail sales rose more than expected in May, while US jobless claims surprisingly fell.
EUR/USD dips below 1.3300
EUR/USD briefly dipped below the 1.3300 mark after the data and hit a low of 1.3294 before bouncing slightly. At time of writing, EUR/USD is trading at the 1.3300/05 area, still down 0.2% on the day, having been rejected from a 4-month high of 1.3390 earlier on the day.
Solid data supports the USD
Ahead of the FOMC meeting, decent retail sales and better-than-expected jobless claims lent the greenback some support, amid speculations the Fed could start withdrawing stimulus measures.
EUR/USD dips below 1.3300
EUR/USD briefly dipped below the 1.3300 mark after the data and hit a low of 1.3294 before bouncing slightly. At time of writing, EUR/USD is trading at the 1.3300/05 area, still down 0.2% on the day, having been rejected from a 4-month high of 1.3390 earlier on the day.
Solid data supports the USD
Ahead of the FOMC meeting, decent retail sales and better-than-expected jobless claims lent the greenback some support, amid speculations the Fed could start withdrawing stimulus measures.