EUR/USD - Modest Gains in Thin Holiday Trade

EUR/USD - Modest Gains in Thin Holiday Trade

EUR/USD has edged higher in Thursday trading. The pair is trading just below the 1.37 line in the European session. Trade is expected to be light the day after Christmas, with German and French markets closed. In the US, there is just one event on the schedule, Unemployment Claims. The key employment indicator has been higher than the estimate for the past two releases, so the markets will be hoping for a turnaround in the upcoming release. On Tuesday, US key releases looked sharp, as Core Durable Goods Orders and New Home Sales improved in November and beat their estimates.