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EURUSD is trying to rise. Overview for 25.02.2022

EURUSD got much weaker but keeps on trying to rebound.

The major currency pair is taking a shot at rising. The current quote for the instrument is 1.1184.

Investors are still interested in the “greenback” as a “safe haven”…

EURUSD got much weaker but keeps on trying to rebound.

The major currency pair is taking a shot at rising. The current quote for the instrument is 1.1184.

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Investors are still interested in the “greenback” as a “safe haven” asset. 

The second estimate of the US GDP for the fourth quarter of 2021 showed 7.0% q/q, the same as expected, against the previous estimate of 6.9% q/q. It’s good news – the American economy did an excellent job at the end of the year.

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The weekly Unemployment Claims report showed 232K after being 249K the week before. Improvements in the labour market is a positive signal. 

The New Home Sales showed 801K in January after being 839K in December and against the expected reading of 800K. As a rule, the start of the year is not very active for the real estate sector, February and March will be more insightful.

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Later today, market players will focus on the January data from the US, such as the Durable Goods Orders, the Personal Spending/Income. Personal Spending is expected to expand pretty much and this might be excellent news.

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