EUR lower against safe haven currency US dollar as The ECB lowered its forecast for growth and inflation, citing oil prices and slowing growth in China. European stocks market fell down
Mario Draghi said The cut in European growth forecasts heightened worries over the outlook for oil demand at a time of huge oversupply. Meanwhile, Earlier Thursday, the ECB kept its benchmark interest rate at a record-low 0.05%, in line with the consensus expectation.
Forex traders and foreign Investors were looking ahead to the key-U.S. jobs report due later Friday, for further indications on the strength of the economy and signs of a potential rate hike by the Federal Reserve this month. There's more possibility for Federal Reserve to raising rate
US Jobless Claims is released, Data on Thursday showed that the number of individuals filing for initial jobless benefits in the U.S. in the week ending August 29 increased by 12,000 to 282,000 from the previous week's total of 270,000, compared to expectations for a 5,000 rise. It's according to US labor department, First-time jobless claims have held below the 300,000-level for 26 consecutive weeks, which is usually associated with a firming labor market
Mario Draghi said The cut in European growth forecasts heightened worries over the outlook for oil demand at a time of huge oversupply. Meanwhile, Earlier Thursday, the ECB kept its benchmark interest rate at a record-low 0.05%, in line with the consensus expectation.
Forex traders and foreign Investors were looking ahead to the key-U.S. jobs report due later Friday, for further indications on the strength of the economy and signs of a potential rate hike by the Federal Reserve this month. There's more possibility for Federal Reserve to raising rate
US Jobless Claims is released, Data on Thursday showed that the number of individuals filing for initial jobless benefits in the U.S. in the week ending August 29 increased by 12,000 to 282,000 from the previous week's total of 270,000, compared to expectations for a 5,000 rise. It's according to US labor department, First-time jobless claims have held below the 300,000-level for 26 consecutive weeks, which is usually associated with a firming labor market
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