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Positive macroeconomic statistics from the United States

Positive macroeconomic statistics from the United States | 27 May 2022

27 May 2022, EUR/USD

EURUSD trading plan:

The number of Americans filing new claims for unemployment benefits fell more than expected last week as the labor market remains tight amid strong demand for workers despite rising interest rates and tightening financial conditions. Initial claims for state unemployment benefits decreased 8,000 to a seasonally adjusted 210,000 for the week ended May 21, the Labor Department said. The Federal Reserve has raised its policy interest rate by 75 basis points since March. The U.S. central bank is expected to hike the overnight rate by half a percentage point at each of its next meetings in June and July. This is a positive signal for the dollar.

Investment idea: sell 1.0764 and take profit 1.0695.

David Johnson
Analyst of «FreshForex» company
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