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EUR/USD makes fresh lows after US GDP, claims

FXstreet.com (Córdoba) – The USD strengthened further and extended gains versus the EUR after data showed US economy expanded at a faster pace than previously estimated in the second quarter.

US GDP for the second quarter was upwardly revised to 2.5% from an initial estimate of 1.7% reported last month and above an expected growth rate of 2.2%. Meanwhile jobless claims fell to 331K last week, slightly above the 329K expected.

EUR/USD weighed by US data

EUR/USD resumed the slide and fell to a fresh 2-week low of 1.3232 in recent dealings. At time of writing, EUR/USD is trading at the 1.3240 zone, …read more