EUR/USD (a 4-hour chart)
The U.S. dollar grew to all major currencies after the retail sales release on Thursday, which exceeded expectations. U.S. retail sales in November showed the maximum growth rate for 9 months and grew by 0.7 % m / m, vs. expectations was a growth by 0.6%.
At the same time, labor market data showed an unexpected Initial Jobless Claims growth which grew sharply by 68 thousand to 368 thousand last week, the maximum level for two months. The average number of applications over past four weeks increased to 328.75 thousand from 322.75 thousand a week earlier. However, the U.S. Labor Department warned last week that the data could be distorted due to seasonal factors and holidays falling on the last two months of the year.
The euro fell after another inconclusive test of 1.38, amid the fall in industrial production in the euro area, which fell in October by 1.1 % m m versus expectations of 0.3% growth. Released before the current week data showed a decline in October industrial production in Germany and France - the key EU countries. Since November, the EURUSD pair grew for nearly 4%, coming close to the maximum of 2013. The ECB Governor- Draghi said on Thursday that another line LTRO must be created in order to increase the chances that the program has reached the real economy.