Euro retreats against the dollar after PMI data
ecPulse
2014-11-20 15:10PM UTC
The euro retreated against the dollar on Thursday following the Federal Reserve minutes and manufacturing PMI dropping to 50 in November.
The U.S. jobless claims of last week were released today, showing that the number of individuals filing for initial jobless benefits decreased by 2,000 to 291,000, which is expected to boost the dollar against the euro and other major currencies.
The EUR/USD pair dropped by 0.23% around 1.2526 levels at 13:43 GMT.
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