We will see if weekly jobless claims stay below 400,000 today after last week’s surprising drop to 383,000.
We also get CPI. Consumer prices are seen rises 0.3% and 0.1% at the core level.
With the economy picking up a bit of steam in the US, a rises in consumer prices could contribute to a further back up in yields and could derail the silly talk of QE3.
Resistance lies at 1.3617 is EUR/USD. Further resistance is at 1.3645.
