International News
The US dollar remained under pressure in the morning session with total durable goods orders declining 1.4% last month vs expected gain of 0.45%. In the afternoon session it recovered against a basket of major currencies after the release of employment data that showed the number of people filing unemployment assistance in the US last week fell to a five-week low
EUR/USD opened at 1.1051 as the euro found support early in the session after data showed the Gfk German consumer climate index climbed to 10.0 in April from 9.7 the previous month. The pair then subsequently fell through the session to 1.0903 and further still to 1.0811 overnight as investors started to re-enter dollar long positions
Wolgang Schaeuble, German finance minister said on Thursday that record low interest rates were causing considerable problems in Germany but added that he was not criticizing the European Central Bank which needed to defend its inflation target [...]
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