4/8/2021 12:46:34 PM GMT
EUR/USD Current Price: 1.1874
US Initial Jobless claims increased to 744K in the week ended April 2.
The ECB could start reducing its bond purchases during the summer.
EUR/USD is mildly bullish in the near-term, needs to advance beyond 1.1915.
The EUR/USD pair advances within range, recovering from an intraday low of 1.1861. The greenback is weak against all of its major rivals, as on Wednesday, the US Federal Reserve reiterated its dovish stance through the Minutes of its March meeting. Policymakers agreed that the accommodative monetary policy would remain in place until “substantial further progress” towards employment and inflation goals is achieved.