Today’s unemployment claims were positive news for the USD. Last week the Non-Farm put some gas in the tank of the United States Dollar “bulls”.
Unemployment Claims, as of today, stand at 361K. According to Forex Factory the forecast was 371K. The EUR/USD fell today and with a decent amount of Red-Tag Dollar news next week, there is potential to see more Dollar bulls.
The released trade balance also was good news for the Dollar. The deficit was $42.9 billion when estimated to be $47.4 billion.
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Written By: Tony College
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