Forex. The forecast for the euro / dollar (EUR / USD) today November 27
On Wednesday trading the currency pair EUR / USD continued its upward trend of the week, consolidating at the 1.2500 key level. The main driver of the dollar's decline was the whole block of US macroeconomic statistics, which brought not the most optimistic data for the US currency. Reduction of basic orders for durable goods and a decline in sales of new homes showed that the real sector of the US economy is not so stable, although certainly shows good recovery rates. In addition, the increased number of applications for unemployment benefits according to the Ministry of Labour, which speaks of a certain instability in the labor market in America.
Dynamics of prices remained low-key, while investors evaluate conflicting economic reports from the United States. The number of initial claims for unemployment benefits in the US last week exceeded 300,000 for the first time since September. This is a sign that the labor market recovery remains uneven.