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Euro up slightly after ECB meeting; U.S. jobless claims weigh on dollar

July 22, 2021

“These numbers provide more evidence of deceleration,” said Karl Schamotta, chief market strategist at Cambridge Global Payments in Toronto.

“In continuing to print above expectations, weekly claims are suggesting a loss of momentum in the U.S. labor market – something that could push Federal Reserve tightening plans further into the future and put further pressure on bond yields,” he added.

Read the article here.