Investing.com – The euro extended gains against the U.S. dollar on Thursday, soaring to a 2-day high after the release of significantly better-than-expected data on U.S. initial jobless claims.
EUR/USD hit 1.3888 during European afternoon trade, the pair’s highest since Tuesday; the pair subsequently consolidated at 1.3873, gaining 0.77%.
The pair was likely to find support at 1.3697, the low of October 20 and resistance at 1.3981, Tuesday’s high.
Earlier in the day, official data showed that the number of people who filed for unemployment assistance in the U.S. last week fell unexpectedly.
In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending October 23 fell to a seasonally adjusted 434K, after falling to a revised 455K in the preceding week.
Analysts had expected initial jobless claims to remain unchanged at 455K in the week ending October 23.
Meanwhile, the euro was down against the pound, with EUR/GBP shedding 0.21% to hit 0.8713.
Earlier Thursday, data showed that the euro zone CB economic-sentiment index rose to 104.1 in October, up from 103.2 in September.
EUR/USD hit 1.3888 during European afternoon trade, the pair’s highest since Tuesday; the pair subsequently consolidated at 1.3873, gaining 0.77%.
The pair was likely to find support at 1.3697, the low of October 20 and resistance at 1.3981, Tuesday’s high.
Earlier in the day, official data showed that the number of people who filed for unemployment assistance in the U.S. last week fell unexpectedly.
In a report, the U.S. Department of Labor said the number of individuals filing for initial jobless benefits in the week ending October 23 fell to a seasonally adjusted 434K, after falling to a revised 455K in the preceding week.
Analysts had expected initial jobless claims to remain unchanged at 455K in the week ending October 23.
Meanwhile, the euro was down against the pound, with EUR/GBP shedding 0.21% to hit 0.8713.
Earlier Thursday, data showed that the euro zone CB economic-sentiment index rose to 104.1 in October, up from 103.2 in September.