BREAKING: US regional indicators better than expected

01:30 PM GMT, United States - Philadelphia Fed Manufacturing Index for February:

• actual 5.2; forecast -8.0; previous -10.6;

01:30 PM GMT, United States - NY Empire State Manufacturing Index for February:

• actual -2.40; forecast -13.70; previous -43.70;

01:30 PM GMT, United States - Employment Data:

• Jobless Claims 4-Week Avg.: actual 218.50K; previous 212.75K;
• Initial Jobless Claims: actual 212K; forecast 219K; previous 220K;
• Continuing Jobless Claims: actual 1,895K; forecast 1,880K; previous 1,865K;

Regional indicators came in better than expected, suggesting a slight rebound in February. However, this data did not impact EURUSD as the more significant release about retail sales occurred at the same time. This report was worse than expected, which drove EURUSD price lower.

Source: xStation 5