EUR/USD weakened more than 0.20% on Thursday after solid economic data from the United States weighed on the common currency, which benefited from the European Central Bank's (ECB) decision to keep interest rates unchanged. At the time of writing, the currency pair was trading at 1.1749, after hitting a daily high of 1.1789.
The US Department of Labor (DoL) reported that the number of Americans filing for unemployment benefits fell below expectations, a positive sign for a healthy labor market. However, Continuing Claims remained largely unchanged, indicating that the unemployed are struggling to find new jobs.
The S&P Global Manufacturing PMI contracted after hitting a 37-month high, according to the survey. However, the Services PMI index improved.
US President Donald Trump's visit to the Federal Reserve (Fed) raised concerns late in the trading day, as he pressured Fed Chairman Jerome Powell to lower interest rates while reviewing building renovations.
In the Eurozone, the ECB maintained its three main interest rates, opting for a per-meeting approach amidst the split between the dovish and hawkish groups in the Governing Council. According to data, the Flash HCOB PMI improved, although manufacturing activity remained in contractionary territory. (alg)
Source: Fxstreet
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