The EUR/USD pair fell to 1.0811 early on Thursday as the US Dollar gained momentum following the release of the Federal Open Market Committee (FOMC) Meeting Minutes.
EUR/USD Current price: 1.0849 Economic growth in the Eurozone picked up in May, according to HBOC. Stock markets shrugged of the negative mood after NVIDIA results. EUR/USD trimmed FOMC-inspired losses and trades neutral around 1.0850. The EUR/USD pair fell to 1.0811 early on Thursday as the US Dollar gained momentum following the release of the Fed eral Open Market Committee Meeting Minutes.
The Eurozone economic recovery also gathered momentum in May, while rates of inflation of both input costs and output prices softened from April. The EU Composite PMI hit 52.3, its highest in twelve months, while the German index printed at 52.2, which was also a one-year peak. The United States published Initial Jobless Claims for the week ended May 17. which declined to 215K from the previous 223K, better than the 220K anticipated by market participants.
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