EUR Slumps on ECB Rate Cut...

Source: Forexnews.com

The greenback was higher against the euro in the Thursday session on a combination of mixed US economic reports and a 50-basis point rate cut by the ECB. Weekly jobless claims were higher than expected, jumping past the 500k figure to 524k and up from a week earlier at 467k.

The NY Fed manufacturing survey improved by more than anticipated to -22.2 in January, versus -25.76 from a month earlier. The Philadelphia Fed business survey improved by more than expected to -24.3 in January versus -36.1 a month earlier.

Economic reports in the coming session include December CPI, industrial production, and net TIC flows.