The Euro depreciated against the US Dollar, following the US Unemployment Claims data release on Thursday at 12:30 GMT. The EUR/USD exchange currency rate lost 18 pips or 0.16% after the release. The Euro continued trading at the 1.0850 level against the Greenback after the release.
The Department of Labor released the US Unemployment Claims data, which came out worse-than-expected of 6648K compared with the forecast of 3600K.
According to the official release: "The COVID-19 virus continues to impact the number of initial claims. Nearly every state providing comments cited the COVID-19 virus. States continued to identify increases related to the services industries broadly, again led by accommodation and food services. However, state comments indicated a wider impact across industries. Many states continued to cite the health care and social assistance, and manufacturing industries, while an increasing number of states identified the retail and wholesale trade and construction industries."
| Date | 05.03.20 | 12.03.20 | 19.03.20 | 26.03.20 | 02.04.20 |
|---|---|---|---|---|---|
| Actual | 216K | 211K | 281K | 3283K | 6648K |
| Forecast | 215K | 219K | 220K | 1648K | 3600K |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/USD | 0.6077 | 0.60756 | -0.02% |
| EUR/USD | 1.09043 | 1.09084 | 0.04% |
| NZD/USD | 0.59413 | 0.59395 | -0.03% |
| USD/JPY | 107.275 | 107.169 | -0.10% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/USD | 69.2% | 30.8% |
| EUR/USD | 26.2% | 73.9% |
| NZD/USD | 68.3% | 31.7% |
| USD/JPY | 34.8% | 65.2% |
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