EUR weakens against major currencies

Thursday, 14 April 2011 05:20

EUR/USD traded at a low of 1.4365, failing the attemp to trade over 1.4520.  EUR/JPY traded at 119.55 from 120.87.  EUR/CHF went from 1.2949 to 1.2856, strengthening the swiss franc.  The European currency weakened against the US dollar, swiss franc as well as the Japanese currency.

Jobless claims results were announced earlier this afternoon with higher results than expected yet again. 

ECB claims that interest rates will be discussed again for a raise ending June or July, more than they have already risen to 1.25 last thursday.