The EUR/USD pair has found stability as Thanksgiving Day looms.
Thursday brings little movement from the primary currency pair. The current exchange rate for EUR/USD is holding at 1.0906.
The recent influx of US statistics failed to make a significant impact on the currency market.
Durable goods orders in the US saw a decline of 5.4% m/m following a 4.0% increase in September. Essentially, the indicator remained relatively unchanged.
The Michigan consumer sentiment index received an upward revision in November, reaching 61.3 points compared to the preliminary calculation of 61.1 points. In terms of components, inflation expectations rose to 4.5% from the previous 4.4%.
Positive news emerged from the employment market as initial jobless claims fell by 24 thousand over the week, reaching 209 thousand.
Despite these factors, the market remained largely indifferent; durable goods orders are inherently volatile, and other figures aligned with expectations.
With Thanksgiving Day observed in the US today, market activity is expected to dwindle close to zero. The ECB is scheduled to release the minutes of its previous meeting.