GBP/EUR: Euro In Focus Ahead Of Barrage Of Data Releases

The Euro is finding some support from equities which have picked up from  lows.
US jobless claims rose to 893K in the week ended September 11.
EUR/USD points lower but a weakening greenback could offer some support.

EUR/USD hit a monthly low 1.1736 on Thursday, after the US Dollar surged in wake of a more dovish that expected Fed, which sparked a risk off rally in the buck.. The Fed kept monetary policy unchanged and repeated that it would do whatever is necessary to support the economy.

In the same breath, the Fed also highlighted the economic recovery indicating that no policy action is needed for the time being. Investors sold out of equities, although European stock indexes are rebounding the day’s lows paring early losses and pressuring the greenback.
Eurozone headline CPI inflation data confirmed the initial estimate of-0.2% as previously estimated. Core annual inflation was also confirmed at 0.4%.

US Initial Jobless Claims for the week ended September 11, printed at 860K an improvement from 893K the previous week but worse than the 850K forecast. Housing data in the form of August Building Permits and Housing Starts, rose by less than anticipated.