Euro Drops and Jobless Claims Rise Amid Middle East Tensions and Cautious Mood Before Jobs Data
• EUR/USD drops towards 1.0830 due to escalated Middle East tensions and cautious market mood • US jobless claims rose more than expected to 221K last week • Eurozone PPI declined 1.0% in February, more than forecasts • ECB may consider rate cut in June amid low Eurozone inflation • Traders await key US jobs data including nonfarm payrolls on Friday