EUR/USD holds higher for first session in 3

Euro fluctuated higher in a tight range during the Asian session against the US dollar, to rebound in its second session from its lowest since June 22nd, amid a lack of economic data by the economies of the eurozone, and on the threshold of the developments and economic data expected today, Thursday, by the US economy, the largest economy in the world.

As of 04:38 GMT, EUR/USD rose 0.02% to $1.1155, compared to the opening at $1.1153, after reaching a high of $1.1160 and a low of $1.1145.

Investors are looking for the US economy to reveal the reading of durable goods orders, which account for about half of consumer spending, and accounts for more than two-thirds of the US GDP, which could reflect a 0.7% rise from 0.3% in February. While the core reading of the index itself rose 0.2% from 0.1% in February.

This comes in conjunction with the reading of the index of jobless claims, which may show a rise of 7,000 applications to 199,000 applications during the week ending last Saturday. The ongoing jobless claims index may also show a 29,000 increase in demand to 1,682,000 in the week ending on the 13th of this month. This comes before we witness the US Treasury Department's semi-annual report on the international economic and exchange rates.