EUR/USD edges up late in the North American session on Thursday, as the US Dollar (USD) fails to gain traction on upbeat US data, amid the ongoing conflict between US President Donald Trump and Federal Reserve (Fed) Governor Lisa Cook. At the time of writing, the pair trades at 1.1688, up 0.43%.
Traders remained hooked to the battle between the Fed and the White House as the latest Gross Domestic Product (GDP) figures and Initial Jobless Claims in the US showed that the economy is solid. Consequently, the Greenback depreciated for the third consecutive day as traders seeking safety bought the shared currencies, the Swiss Franc (CHF) and the Japanese Yen (JPY).
Despite this, the Euro's advance might be short-lived, as French Prime Minister Bayrou called for a confidence vote amid an environment in which the country lacks a budget, increasing his chances of being sacked.
The European Union (EU) economic schedule featured the minutes of the European Central Bank (ECB)'s last meeting, the August Economic Sentiment Indicator and Consumer Confidence for the same period.
The US economic schedule will feature on Friday, the release of the Fed's preferred inflation gauge, the Core Personal Consumption Expenditures (PCE) Price Index.
Source: Fxstreet
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