Weekly jobless claims fell 26,000 to 550,000 while the US trade deficit widened dramatically, to $32.0 bln from $27.5 bln last month. A wider deficit tends to portend more economic activity, though it subtracts from the GDP calculation.
EUR/USD is firming as traders see signs of life in the US consumer via the wider trade deficit ( on rising imports) and slightly improved employment picture.
We are now at 1.4570.
