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EUR/USD muted around 1.1250 on US data

FXStreet (Edinburgh) - The European currency remained apathetic following the US releases today, with EUR/USD keeping the area of daily highs in the mid-1.1200s.

EUR/USD firmer post-data, Yellen eyed

Spot kept the composure after US headline Durable Goods Orders matched estimates during August, contracting 2.0% in August and reverting July’s 1.9% advance; orders excluding the Transportation sector came in flat, missing consensus for a 0.1% gain.

Further data saw Initial Claims at 267K in the week ended on September 18th vs. 271K anticipated, while the Chicago Fed National Activity Index dropped to -0.41 in August from 0.51 previous.

Still in the US docket, New Home Sales are due next followed by the speech by Chairwoman J.Yellen.

EUR/USD levels to watch

As of writing the pair is advancing 0.53% at 1.1245 and a breakout of 1.1258 (high Sep.24) would aim for 1.1330 (high Sep.21) and then 1.1373 (high Sep.14). On the other hand, the next support aligns at 1.1163 (low Sep.24) ahead of 1.1105 (low Sep.23) and finally 1.1089 (low Sep.4).

US durable goods orders contract in August

The corporate spending in the US dropped at a slower than expected rate in August, the official data released today showed.
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GBP/USD struggling around 1.5200

GBP/USD came under renewed pressure on Thursday, extending losses into a fifth consecutive day, and stood near lows just above the 1.52 mark following the release of the latest string of US data.
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