EUR/USD Struggles Near 1.1675 as U.S. Data Boosts Dollar Strength
The EUR/USD pair is pinned close to three-week lows, trading around 1.1675 after bouncing from intraday lows of 1.1645. The euro has lost about 0.55% this week, pressured by a run of upbeat U.S. economic releases that have reinforced the dollar’s dominance. Revised second-quarter U.S. GDP showed a 3.8% annualized expansion, stronger than the 3.3% previously reported, driven largely by resilient consumer spending. At the same time, durable goods orders jumped 2.9% in August following two months of declines, while initial jobless claims fell to 218,000, their lowest since July, signaling ongoing labor market strength. These figures prompted markets to trim bets on deep Federal Reserve easing and lifted the dollar index back above 98.20, the highest in three weeks.
