EUR/USD has been trading flat during Thursday’s trading. While the currency pair dipped following the release of better-than-expected reports on GDP and unemployment claims, it bounced afterward, trading near the opening level at the time of writing.

USD GDP rose by 4.3% in Q4 2020 according to the third and final estimate. Markets were expecting the same 4.1% reading as in the preliminary estimate. The indicator surged by 33.4% in Q3. (Event A on the chart.)

Initial jobless claims were at 684k last week, seasonally adjusted, down from the previous week’s revised level of 781k (770k before the revision). Markets were expecting a smaller decrease to 727k. (Event A on the chart.)

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By: Vladimir Vyun
Title: EUR/USD Flat Despite Positive US Macro Reports
Sourced From: www.earnforex.com/blog/eur-usd-flat-despite-positive-us-macro-reports/
Published Date: Thu, 25 Mar 2021 13:53:44 +0000

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