FX.co ★ US data slowed down the euro

EURUSD

The euro began to rise after the Bank of England's decision to stabilize the British government bond market through intervention.

The euro showed a daily high, then a normal correction to averages for H4 - but then a report on the US came out.

Initial jobless claims fell below +200K, +193K - below 200K for the first time in a very long time; long-term unemployment has also fallen. The labor market remains a strong place for the US economy, despite the general expectation of a recession. GDP for the second quarter, third reading, unchanged, -0.6%, the deflator was adjusted from +8.9% to +9% - inflation is very high.

We are waiting for the PCE inflation report on Friday.