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EUR/USD hits fresh highs above 1.2500 after US data

FXStreet (Córdoba) - EUR/USD rose from 1.2480 and climbed above 1.2500, reaching at 1.2506 the strongest level since last Friday after the release of economic data in the US, that weakened the US dollar across the board.

In the US three important economic reports were released with the majority below the consensus. The positive report was the durable goods orders that climbed 0.4%, analysts projected a decline of 0.6%. Personal income rose 0.2% in October, below the 0.4% expected, while personal spending increase 0.2% versus the 0.3% analysts were expecting. Initial jobless claims rose from 292.00 to 313.000 during the week of November 21.

EUR/USD still unable to hold above 1.2500

After reaching 1.2506 the pair pulled back, unable to hold on top off 1.2500 and currently trades at 1.2492, up 0.95% for the day. The euro is rising for the third day in a row versus the US dollar, moving away from multi-year lows.

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The Treasury yields in the US extended the fall after the initial jobless claims rose more than market expectation, while the Durable goods orders ex-transportation declined.
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USD/JPY little changed after US data

USD/JPY edged a tad lower but remained broadly unchanged following the latest string of mixed US data.
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