English
Français
Deutsch
Italiano
Português
Русский
Español
ไทย
Türkçe
简体中文
日本語
한국어
हिन्दी
- EUR/USD climbs into positive territory for the week.
- Rate cut bets increase on rising US unemployment claims.
- US consumer sentiment due on Friday.
EUR/USD gained ground on Thursday, finding upside on the week after the US Dollar (USD) broadly fell back after rising US Initial Jobless Claims sparked renewed hope of rate cuts from the Federal Reserve (Fed).
US Initial Jobless Claims rose to 231K for the week ended May 3, the highest number of new jobless benefits seekers week-on-week since last August. With possible signs of weakness appearing in the US job market, rate-hungry markets pivoted into risk appetite.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased
