United States news releases on the U.S Trade Balance and Unemployment Rates were released earlier today. U.S trade balance which measures the difference in value between imported and exported goods during the reported month was released unexpectedly higher by 4.4%. From May's 50.8 billion, the Trade Deficit increased to 53.1 billion.
Economists forecasted a trade deficit of 47.9 billion.
The number of individuals who filed for unemployment insurance for the first time during the past week unexpectedly decreased by 7,000; from 402,000 job applications prior to this week, 396,000 job application benefits were files during this week.
The Euro went on a spiral downfall against the U.S Dollar a little before and after the U.S release and after the positive jobless claims news. From 1.4280, EUR/USD fell headfirst to 1.4105; approaching a fall under the zone of 1.4100.
After the downfall, the pair recovered again to reach 1.4225 in the matter of minutes.
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