European Major Currencies Strengthened After Firm Economic Data

Market Reviews

The US dollar is showing some profit today, but so far it remains the strongest major currency. Initial jobless claims in the US rose to 272 thousand for the week ending September 23. The GDP of the second quarter was revised to 3.1%, while the price index remained unchanged at 1.0%.

The euro and the British pound are strengthening after strong economic data. The consumer price index in Germany increased by 0.1% mom and by 1.8% compared to the same period last year in line with expectations. The confidence indicators in the Eurozone as a whole improved in September. The business climate has grown to 1.34.